Answered

The study of the production, distribution, and consumption of goods and services is referred to as:

A. Finances
B. Specialization
C. Scarcity
D. Economics



Answer :

GinnyAnswer

Final answer:

Economics is the study of decision-making in the presence of scarcity.


Explanation:

Economics is the study of how humans make decisions in the face of scarcity. It involves the analysis of the production, distribution, and consumption of goods and services, all governed by the concept of scarcity - the idea that resources are limited while human wants are infinite.


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