Question

The study of economics is primarily concerned with
A) choices that are made in seeking to use scarce resources efficiently B) keeping private businesses from losing money C) demonstrating that capitalistic economies are superior to socialistic economies D) None of the above

Answer 1

Answer:

The study of economics is primarily concerned with

Economics is primarily concerned with resource choices, but the various elements that effect the availability of these resources is also an important factor. Economics is the study of the means by which people gain their resources and how they use their resources.

Answer 2

Answer:

B is the answer...... Economics [3] is the social science that studies the production, distribution, and consumption of goods and services.[4]

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