Which of the following statements is not correct?
A) Economics is a behavioral science.
B) In large measure, economics is the study of how people make choices.
C) If poverty were eliminated, there would be no reason to study economics.
D) Economic analysis can be used to explain how both individuals and societies make decisions.

Question

Quizplus · Accepted Answer

Economics is not solely focused on poverty but on how resources are allocated and decisions are made under conditions of scarcity. Even if poverty were eliminated, the study of economics would still be relevant for understanding choices, resource allocation, and decision-making processes.

Which of the Following Statements Is Not Correct