Question

Economics is about: Multiple choice question. how people get wealthy. how people make choices in a world of scarcity. the ways in which consumers and producers negotiate. the various types of insurance people can purchase.

Answer 1

The nature of economics makes it all about how people make choices in a world of scarcity.

Beliefs in Economics

• Resources are scarce.
• As a result, people are forced to make decisions based on trade offs to use resources.

Economics then becomes all about how people go about making those required decisions to use different resources based on the scarcity of those resources as well as their needs.

In conclusion, option B is correct.

Find out more about tradeoffs and scarcity at https://brainly.com/question/7072776.