Question

Which of the following is the best general definition of the study of economics

A) Individual and social choice in the face of scarcity
B) The best way to invest in the stock market
C) Business decision making under foreign competition
D) lnflation and employment in a growing economy

Answer 1

C

Step-by-step explanation:

Economics, in general, is understood as the study on how individuals and society makes choices in the face of scarcity of resources, having alternative uses, for the attainment of maximum satisfaction.