Question

Choose the most correct answer from the following multiple choice questions and write only the alphabet next to the question number. E.g. 1.20. A
1.1 Economics concerns itself with:
i. A systematic understanding of patterns of production, consumption and distribution of goods and services.
ii. A study of money, banking, capital formation and wealth.
iii. A study of how limited resources are used to satisfy unlimited human wants.
iv. The study of the application of scarce means to a multitude of human wants