Economics can be best defined as the study of

Economics can be best defined as the study of
  • A.
    how to spend the family income efficiently
  • B.
    how to find minimum cost of production
  • C.
    the interpretation of scarce resourceand date
  • D.
    how scarce resource can be used efficiently
  • E.
    why resource are scarce
Correct Answer: Option D
Explanation
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