PU-MET : Panjab University MBA Entrance Exam with MCQ Answers 2022

Practice Mode:
20.

Economics can best be described as:

A: The study of how to reduce inflation and unemployment
B: The study ofthe use of scarce resources to satisfy unlimited human wants
C: The study of how a society ought to allocate its resources
D: The application of sophisticated mathematical models to address social problems

The answer is: B