casandraserrat772 casandraserrat772

11-09-2019
Business

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Economics is best defined as the study of:

A. prices and quantities.

B. inflation and interest rates.

C. how people make choices under the conditions of scarcity and the results of those choices.

D. wages and incomes.

Respuesta :

agustinsr99 agustinsr99

14-09-2019

Answer: The correct answer is "C".

Economics is best defined as the study of how people make choices under the conditions of scarcity and the results of those choices.

Explanation: Economics is a social science that studies how to manage the resources available (scarce) to meet human needs. In addition, it also studies the behavior and actions of human beings.

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