Which of the following best describes economics?
A. Economics measures the values of all goods and services produced by a country in a year

B. Economics is about making choices on how best to use limited resources

C. Economics is only about natural resources like forests, water, minerals, and fossil fuels

D. Economics is the money, tools, machines, and other products needed to make goods and services

Respuesta :

Based on the given options, the option that best describes economics is B. Economics is about making choices on how best to use limited resources.

What is economics about?

Economics is a field that was founded in order to help societies to best manage their resources by being able to make choices on what to produce based on the resources that the society had. These resources are  limited and so there is a need to properly use them for productions.

Humanity cannot survive without the production of goods and the provision of services but to do these things, we need to use the resources available to us. We cannot therefore produce everything we want and need to make choices about what to do with these resources and that is where economics comes in.

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