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

• A. growth
• B. security
• C. equality
• D. efficiency

Answer: (D)

Verified step by step guidance

1. Understand the key economic goals: growth, security, equality, and efficiency. Each represents a different objective in economic decision-making.
2. Define economic efficiency: it means using resources in a way that maximizes the production of goods and services, minimizing waste and ensuring the best possible outcomes from available resources.
3. Recognize that studying economics primarily helps individuals and societies understand how to allocate scarce resources efficiently to achieve the best possible results.
4. Compare efficiency with other goals: while growth, security, and equality are important, economics focuses on how to make choices that lead to efficient outcomes given limited resources.
5. Conclude that the study of economics is fundamentally about understanding and achieving economic efficiency, which underpins the ability to improve growth, security, and equality.