Question

What does economics study in relation to economic activities?

• A. Only the distribution of wealth
• B. Production, distribution, and consumption
• C. Only the consumption of goods and services
• D. The study of human behavior in isolation

Answer 1

Answer:

B. Production, distribution, and consumption

• Economics is the branch of science that studies economic activities relating to production, distribution, and consumption.

• It is not merely a study of wealth, but is also a study of man and society.