Question

Which is the BEST definition of the term economics?

A. the study of how governments can raise and spend tax money more efficiently
B. the study of how people choose to create and conserve scarce resources
C. the study of how people choose to distribute and use their scarce resources
D. the study of how corporations can increase opportunities and profits for their stockholders

Answer 1

a the study of how governments can raise and spend tax money more efficiently

Answer 2

B the study of how people choose to create and conserve scarce resources