Post-UTME Economics 2009 Objective — Question 13

Question 13 of 13 from the Post-UTME Screening (Post-UTME) Economics 2009 Objective paper, with the correct answer and a full explanation.

Economics is the study of human behaviour as it relates to the

A. consumption of goods
B. production of goods
C. distribution of goods
D. (production, distribution and consumption of goods and services, given scarce resources)Correct

Explanation

The standard, complete definition of economics covers production, distribution AND consumption together.

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