Economics is the social science that tries to explain a. the reasons why the currencies of various countries are so colorful. b. only the choices the government makes concerning supply and demand in the markets. c. the choices people make concerning the limited resources that meet their needs and wants. d. the spiritual choices people make concerning how to share limited resources.

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency, government intervention can improve overall welfare o markets allocate goodseffectively