Economics is best defined as the study ofa. how society manages its scarce resources.b. how to run a business most profitably.c. how to predict inflation, unemployment, andstock prices.d. how the government can stop the harm fromunchecked self-interest.

Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter1: Ten Principles Of Economics
Section: Chapter Questions
Problem 1CQQ
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Economics is best defined as the study of
a. how society manages its scarce resources.
b. how to run a business most profitably.
c. how to predict inflation, unemployment, and
stock prices.
d. how the government can stop the harm from
unchecked self-interest.

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