Studying economics best helps an individual determine how to achieve economic:

• A. growth by increasing government spending
• B. equality by ensuring everyone has the same income
• C. stability by eliminating all market fluctuations
• D. efficiency in allocating scarce resources

Answer: (D)

Verified step by step guidance

1. Understand the key economic concepts mentioned: growth, equality, stability, and efficiency. Each relates to different goals or outcomes in economics.
2. Recognize that economic growth refers to an increase in the production of goods and services over time, often measured by GDP.
3. Equality in economics typically means a more uniform distribution of income or wealth among individuals, but this is not the primary focus of studying economics as a whole.
4. Stability involves minimizing fluctuations in the economy, such as inflation or unemployment, but complete elimination of market fluctuations is neither realistic nor the main goal.
5. Efficiency in economics means allocating scarce resources in a way that maximizes the production and satisfaction of wants, which is the central concern of economic study.