Which of the following statements about economics is correct? Economics __ A. divides into two main parts-microeconomics and macroeconomics B. is a subject that studies only the choices of individuals and businesses C. is the study of how we cope with our too plenteous resources D. studies the performance of countries but not individuals

The correct statement about economics is:<br /><br />A. Economics divides into two main parts - microeconomics and macroeconomics.<br /><br />Economics is a social science that studies how individuals, businesses, and societies make choices to allocate limited resources to satisfy their unlimited wants and needs. It involves analyzing the production, distribution, and consumption of goods and services.<br /><br />Option B is incorrect because economics not only studies the choices of individuals and businesses but also examines the choices made by governments, societies, and other entities.<br /><br />Option C is incorrect because economics does not study how we cope with our too plenteous resources. In fact, the opposite is true - economics often deals with the problem of scarcity, which refers to the limited nature of resources available to meet our unlimited wants and needs.<br /><br />Option D is incorrect because economics studies both the performance of countries and individuals. It examines how individuals make choices and how these choices affect the overall economy, including the performance of countries.