00:02
All right.
00:02
So your question asks, which statement describes the term economics? a, the study of using limited resources to fulfill once and needs.
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B, it is the study of how governments fulfill the wants and needs of nations.
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C, it is the study of how people spend their money to fulfill wants and needs.
00:25
So, economics is like a study, right, of production.
00:33
Distribution, consumption, you know, supply and demand.
00:38
Those are the common words you hear when you think of economics, okay? and it deals with the problem of choice.
00:45
What might be interesting one day for consumers is not the next day.
00:50
Okay.
00:52
So what following, what describes economic the best, right? it's going to be, i believe, a.
01:02
Okay...