Which one of the following is the most accurate definition of economics?

Question

Options:

A . Economics is the study of stocks and bonds.

B . Economics is the study of how people allocate unlimited resources.

C . Economics is the study of how consumers choose to spend their income.

D . Economics is the study of how society chooses to allocate scarce resources.

Answer: Option D
:
D
Economics is the study of how society chooses to allocate its scarce resources in order to satisfy unlimited wants.)

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