Question

multiple choice question
______ is the study of how individuals and societies allocate scarce resources among many competing uses and how this decision - making affects the economy at large.
○ physiology
○ sociology
○ psychology
○ economics

Explanation:

Physiology focuses on biological functions, sociology studies social structures, psychology examines individual mental processes, while economics is defined as the study of how individuals and societies allocate scarce resources among competing uses and the broader economic impacts of these decisions.

Answer:

O Economics