Which definition of economics is best and why?
a) The study of how producers decide what inputs to hire and what outputs to produce.
b) The study of how a provincial government allocates tax dollars.
c) The study of how individuals, businesses, governments, and entire societies make choices as they cope with scarcity and the incentives that influence and reconcile those choices.
d) The study of how consumers spend their income.
e) The study of how consumers and producers meet each other at the market
