Economics is the study of human behaviour as it relates to the?

A. efficient allocation of resources
B. production of goods
C. operation of companies
D. generation of income

Correct Answer:

Option A – efficient allocation of resources

Explanation

Economics as the study of human behaviour has to do with efficiently allocating scarce resources to satisfy human wants. These human wants are unlimited, hence humans would rationally allocate resources to wants that will give them the highest level of satisfaction.