Question

1. The basic definition of economics is illustrated by which of the following?
a.
b.
c.
d.
Economics is the study of how businesses produce goods and services for an economy.
Economics is the study of the printing and circulation of money throughout the economy.
Economics is the study of how income and wealth is distributed in an economy.
Economics is the study of how individuals, businesses and nations make choices based on
scarcity in the economy.

Answer 1

Answer:

Economics is the study of how businesses produce goods and services for an economy.

Explanation:

Economics in its most basic sense is simply the study of how goods and services are produced and how they are distributed and marketed to meet demand.

Therefore, option A is correct because Economics is the study of how businesses produce goods and services for an economy.