Which of the following statements provides the best definition of economics?
A) The study of the production of goods and services.
B) The study of the use of scarce resources to satisfy unlimited human wants.
C) The study of production and increasing its efficiency.
D) The study of the productive capacity of a nation's factors of production.
E) The study of the most equitable distribution of scarce resources.
Correct Answer:
Verified
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A)largely affected by
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