Question

1. Economics is a social science concerned with: A. The best use of scarce resources to achieve the maximum satisfaction of economic wants. B. Increasing the level of productive resources so there is a minimum level of income. C. Increasing the level of productive resources so there is maximum output in society. D. The best use of scarce resources paid for at the minimum level of cost to consumers and businesses

Answer 1

A. The best use of scarce resources to achieve the maximum satisfaction of economic wants

Step-by-step explanation:

Economics is a social science where by scarced resources is Been judiciously utilized in the production of goods and services for human satisfaction, because human wants are so numerous.

Among the different economic system that is used in the world today are capitalism ,socialism and communism,

Samuelson was regarded as the father of modern economics.