According to Colander, the best definition of economics is:?

girliegirl3313 · #1 (**permalink**) 03-09-2008, 01:53 PM

A. The study of how limited resources are allocated among competing needs.
B. The study of scarcity and how people deal with the problem of scarcity
C. The study of how choices are made
D. The study of how human beings coordinate their wants and desires, given the decision making mechanisms, social customs, and political realities of that society

John D · #2 (**permalink**) 03-09-2008, 01:53 PM

Using the knowledge(bs) acquired from my econ courses I would choose D.

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