Economics is a social science that primarily explores how:
A)businesses market products under competitive conditions.
B)stock and bond prices fluctuate when there are changes in demand or supply.
C)the government allocates its budget among competing political interests.
D)goods and services are consumed, produced and distributed in a world with limited resources.

Question

Economics is a social science that primarily explores how:
A)​businesses market products under competitive conditions.
B)​stock and bond prices fluctuate when there are changes in demand or supply.
C)​the government allocates its budget among competing political interests.
D)​goods and services are consumed, produced and distributed in a world with limited resources.

Quizplus · Accepted Answer

Economics studies how goods and services are produced, distributed and consumed in a world where resources are limited. This involves examining choices made by individuals, businesses, and governments regarding the allocation of resources to maximize satisfaction and economic growth. While business, finance, and politics are all related to economics, they are not the main focus of the field.

Economics Is a Social Science That Primarily Explores How