Answered

What is the study of economics?
a. Money and how it is created.
b. Focuses on choices about buying, selling,
using, and distributing resources.
c. The government controlling all
resources.
d. None of the above.



Answer :

GinnyAnswer

Final answer:

Economics is the study of how scarcity influences decision-making at individual and societal levels, impacting resource allocation to meet various needs and desires.


Explanation:

Economics is the study of how individuals and societies make decisions in the face of scarcity. It examines how limited resources, such as time, money, and materials, are allocated among competing wants and needs. Economists analyze choices about buying, selling, using, and distributing resources to maximize utility.


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