Which statement best describes the central idea of this chapter?

Type: MCQ • Marks: 1

A. Economics is only the study of government budgets

B. Economics is only the study of money

C. Economics is only the study of markets

D. Economics is fundamentally about making choices under conditions of scarcity

Explanation

Explanation: The chapter establishes scarcity and choice as the foundation for understanding economics.

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Class 9th Understanding Society India and Beyond, Part I

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