Economics is best defined as the study of how people, businesses, governments, and societies

A. increases the supply of fast food meals

B. make choices to cope with scarcity

C. services; trade and health care

D. comparative advantage

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Margaux Elysse C. SiasonLv6

20 Aug 2020

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9 Nov 2020

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Related questions

1) Which of the following is the best definition of economics? A) The study of how producers decide what inputs to hire and what outputs to produce. B) The study of how a provincial government allocates tax dollars. C) The study of how individuals, businesses, governments, and entire societies make choices as they cope with scarcity and the incentives that influence and reconcile those choices. D) The study of how consumers spend their income. E) The study of how consumers and producers meet each other at the market.

2) Which of the following is the best definition of economics? A) The study of how individuals, businesses, governments, and entire societies make choices as they cope with scarcity and the incentives that influence and reconcile those choices. B) The study of how consumers and producers meet each other at the market. C) The study of how a provincial government allocates tax dollars. D) The study of how consumers spend their income. E) The study of how producers decide what inputs to hire and what outputs to produce.

Complete the below statement:

Economics is best defined as the study of how people, businesses, governments, and societies _______________.