Many of our multiple choice questions for this class will be

Many of our multiple choice questions for this class will be straightforward. However, some of the questions will use a format like the one for this question. A question will be asked and then each of four fictional analysts will give what they think is a correct analysis for the situation presented. Your job is to decide which analyst has given the best response. Partial credit is sometimes possible if you select an answer that is partly correct but not the best. Many of our multiple choice questions for this class will be straightforward. However, some of the questions will use a format like the one for this question. A question will be asked and then each of four fictional analysts will give what they think is a correct analysis for the situation presented. Your job is to decide which analyst has given the best response. Partial credit is sometimes possible if you select an answer that is partly correct but not the best. For this question, we have four analysts: Amy, Barack, Chuck, and DeLisla. Here is the question each was presented with: What is economics?

Solution

Economics is the study of science of optimising limited resources with unlimited wants in the best possible way.

It is a social science that focuses on production, distribution and consumption.