The central question in economics is how to:
A)regulate the supply of money.
B)make the best use of scarce resources to satisfy our unlimited wants.
C)reduce the wants of individuals, businesses and government.
D)find more resources to satisfy everyone's wants.

Question

The central question in economics is how to:
A)​regulate the supply of money.
B)​make the best use of scarce resources to satisfy our unlimited wants.
C)​reduce the wants of individuals, businesses and government.
D)find more resources to satisfy everyone's wants.​

Quizplus · Accepted Answer

Economics is concerned with the allocation of scarce resources to satisfy unlimited wants. This involves making choices about what goods and services to produce, how to produce them, and who gets to consume them. Economics also examines how people and firms respond to incentives, how prices are determined in markets, and how government policies can affect economic outcomes. Therefore, choice B is the best answer.

The Central Question in Economics Is How To