Question

Economics is a branch of social science that studies:

a. human behavior by establishing general principles and researching specific cases.

b. how information derived from sensory experience can be interpreted through mathematical treatments.

c. social processes such as conflict, cooperation, and identity formation.

d. how people choose to allocate limited resources to satisfy their unlimited wants.

Answer 1

Option D

Explanation: Economics is a subject of efficient allocation of resources to maximize utility with the given level of resources.