Question

At its core, economics studies how human beings make decisions in situations when something is in short supply, otherwise known as what?

(1 point)
Responses

scarcity

scarcity

demand

demand

profit

profit

costs

Answer 1

[AI-generated answer — Bot GPT 3.5]

scarcity

Answer 2

[AI-generated answer — Step-by-Step Bot]

At its core, economics studies how human beings make decisions in situations when something is in short supply, otherwise known as scarcity.