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Economics is a social science concerned with the proper use and______

Economics
JAMB 2019

Economics is a social science concerned with the proper use and______

  • A. production of goods and services
  • B. distribution of wealth
  • C. allocation of resources for growth
  • D. creation of utility
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Correct Answer: Option C
Explanation

Economics study scarcity because the resources are limited. Also, it helps to study how resources are allocated or used up by the government, firm and individual.


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