For a given question to be considered an economic question,it would need to involve
A) explicit prices.
B) making a choice.
C) money and income.
D) limited resources.
E) limited resources and making a choicE.

Question

Quizplus · Accepted Answer

Both limited resources and making a choice are fundamental concepts in economics. Economics is concerned with how individuals, firms, and societies allocate limited resources to satisfy unlimited wants and needs. Therefore, any question that involves the allocation of scarce resources and the necessity of making choices to satisfy those wants and needs would be considered an economic question. Explicit prices, money, and income may play a role in economic questions, but they are not essential components.

For a Given Question to Be Considered an Economic Question,it