Economics is the study of how people decide what they want and what they are willing to pay or give in order to get it

The answer would be CORRECT

Explanation:

Economics is a social science that studies how to manage the resources available to meet human needs. In addition, it also studies the behavior and actions of human beings.

Since the planet's resources are scarce and unfortunately, not everyone can dispose of everything, we are forced to manage those assets to get what we need. Economic science involves the decision making of individuals

The economy also focuses on the behavior of individuals, their interaction with certain events and the effect they produce on their environment. For example, the effect they produce on prices, production, wealth or consumption, among others. It is a social science because it studies human activity and behavior, which is a highly dynamic object of study. Humans are unpredictable.