In the broadest sense, what does economics study?
A) choices that companies make in producing goods and services for corporate use
B) choices that governments make in creating natural resources
C) choices that people, governments, and companies make in allocating resources
D) choices that people make in disposing of unnecessary resources

Question

Quizplus · Accepted Answer

Economics studies the choices that people, governments, and companies make in allocating resources. This includes decisions related to production, consumption, distribution, and trade of goods and services, as well as the factors that influence these decisions such as market conditions, government policies, and individual preferences. The study of economics also includes the analysis of economic systems and their outcomes, as well as the measurement and forecasting of economic variables such as inflation, employment, and economic growth.

In the Broadest Sense, What Does Economics Study