Economics is primarily concerned with the study of:
A)problems such as poverty and unemployment.
B)limited desires pursuing unlimited resources.
C)production and distribution of goods in a world of unlimited resources.
D)production and distribution of goods in a world of limited resources.

Question

Economics is primarily concerned with the study of:
A)​problems such as poverty and unemployment.
B)​limited desires pursuing unlimited resources.
C)​production and distribution of goods in a world of unlimited resources.
D)​production and distribution of goods in a world of limited resources.

Quizplus · Accepted Answer

Economics is concerned with the production and distribution of goods and services in a world of limited resources. This is because resources, such as land, labor, and capital, are scarce and cannot satisfy all the unlimited wants and needs of individuals and society as a whole. Therefore, economics addresses questions of how to allocate resources efficiently to meet the needs and desires of individuals and society.

Economics Is Primarily Concerned with the Study Of