What is the basic problem that economics tries to solve?
A. How to print more money
B. How to make everyone rich
C. How to deal with scarcity and make choices
D. How to avoid spending money
Asked by intet7380
Answer (1)
The correct answer is letter C. Economics is about how people, institutions, and nations deal with limited resources and unlimited wants. It teaches us how to prioritize, allocate, and use resources wisely.