Question

What does economics study in terms of the decisions people make to attain their goals, given their resources?

A) Purchases; unlimited resources
B) Choices; scarce resources
C) Income; available resources
D) Decisions; household resources

Answer 1

Economics is the study of how humans make decisions in the face of scarcity and allocate their limited resources to attain their goals.

Step-by-step explanation:

Economics is the study of how humans make decisions in the face of scarcity. These decisions can be individual or related to family, business, or society. Scarcity refers to the situation where human wants for goods, services, and resources exceed what is available. Economics examines how people allocate their limited resources to attain their goals.