Which of the following would best complete a short definition of economics? "Economics is the study of . . ."
A.
how unlimited resources are allocated between scarce wants.
B.
how money is circulated through the economy.
C.
how corporations maximize the share price of their stock.
D.
how nations trade goods and services in a global marketplace.
E.
how scarce resources are allocated to satisfy unlimited wants.
Exam No： AP Micro Practice Test 4 Year：2024 Question No：12
Answer:
E
Knowledge points:
1.1 Scarcity
1.2 Resource Allocationand Economic Systems
Solution:
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