Economics is the __ the choices that individuals businesses, governments, and entire societies make as they __ and the influences on those choices, and the arrangements that coordinate them. A. social science that studies; settle disagreements B. set of personal opinions about; cope with scarcity C. set of personal opinions about; settle disagreements D. social science that studies; cope with scarcity

## Step 1<br />The problem is a fill-in-the-blank question that requires us to choose the most appropriate option to complete the sentence. The sentence is about the definition of economics.<br /><br />## Step 2<br />We need to understand the basic definition of economics. Economics is a social science that studies how individuals, businesses, governments, and societies make choices to cope with scarcity. Scarcity refers to the basic economic problem, which is the gap between limited resources and theoretically limitless wants.<br /><br />## Step 3<br />Now, we need to evaluate each option based on the definition of economics.<br /><br />## Step 4<br />Option A states that economics is a social science that studies the choices that individuals, businesses, governments, and entire societies make as they settle disagreements. This option is not entirely correct because economics does not primarily focus on settling disagreements.<br /><br />## Step 5<br />Option B states that economics is a set of personal opinions about the choices that individuals, businesses, governments, and entire societies make as they cope with scarcity. This option is not correct because economics is not just a set of personal opinions.<br /><br />## Step 6<br />Option C is similar to option B and is not correct for the same reasons.<br /><br />## Step 7<br />Option D states that economics is a social science that studies the choices that individuals, businesses, governments, and entire societies make as they cope with scarcity. This option is correct because it aligns with the basic definition of economics.