Question

1. economics is the study of

how goods are produced.
the study of the financial system of a society.
money.
how people, firms, and governments make decisions about how to allocate scarce resources to meet unlimited wants.

Explanation:

Economics focuses on resource allocation due to scarcity relative to unlimited wants. The other options are narrow (e.g., production, money, financial systems) and do not capture the core definition.

Answer:

how people, firms, and governments make decisions about how to allocate scarce resources to meet unlimited wants.