Question

Economics is

A. the narrow study of how to make money in financial markets
B. the broad study of how to allocate unlimited resources to satisfy limited uses
C. the broad study of how to allocate limited resources to satisfy unlimited wants
D. the narrow study of using stocks and bonds to their maximum potential E. the narrow study of how to be conservative in financial affairs

Answer 1

Answer:

C. the broad study of how to allocate limited resources to satisfy unlimited wants 

Explanation:

Lionel Robbins defines economics as the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses."

Economics studies the economy as a whole. This indicates that economics is broad.

The needs of man are unlimited but the resources to satisfy this needs are scarce and limited.

I hope my answer helps you