Answered

Which of the following is a primary focus of economics?

AThe movement of goods and services through the standpoint of game theory
BThe way people behave in large groups
CProduction, distribution and consumption of goods and services
DThe maximization of profits for the benefit of producers of goods and services

Verified Answer :

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CProduction, distribution and consumption of goods and services

Answer:

Option C. The primary focus of economics is the production, distribution and consumption of goods and services.

Explanation:

Economics is a social science that studies the production, distribution and consumption of goods and services. It is concerned on how governments, nations, individuals and businesses make different choices regarding of how to get a hold of different resources to satisfy their needs.The different economic models try to determine the best possible way in which all of these agents should operate to achieve maximum output.

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