Economics may be defined as?

Economics may be defined as?
  • A.
    the study of money and banking
  • B.
    the study of markets and prices
  • C.
    the study of production and distribution
  • D.
    the study of human behaviour in the allocation of scarce resources
  • E.
    the study of the employment of labour, land, and capital
Correct Answer: Option D
Explanation
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