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Which of the following statements about economics as a social science is​ correct?

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Joshua Stredder
Joshua StredderLv10
7 Oct 2020
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Related questions

which of the following statements about economics as a social science is correct?
 
A. Economics studies are the actions of individuals
 
B. Lack of testable hypothesis
 
C. Inherent political overtones
 
Which of the following statements about economics as a social science correct? Economics is the social science that
1) focuses exclusively on determining how businesses can earn larger profits.
2) studies how people make decisions in the face of scarcity and the resulting impact of such decisions on both society as a whole and on the individual members therein.
3) studies the allocation and transfer of power in decision-making, systems of governance, and the effects of public policy.
4) None of these answers is correct.

Define economics as a social science. 

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