Read the following statements and then answer the question that follows. Economics concerns itself with (i) a systematic understanding of patterns of production, consumption and distribution of goods and services. (ii) a study of money, banking, capital formation and wealth. (iii) a study of how limited resources are used to satisfy unlimited human wants. (iv) a study of the application of scarce means to a multitude of human wants. Which of the above statements can be associated with the broad subject matter studied in economics?

Question

None of them


All of them


Only statements i, ii and ii


Only statements i, iii and iv


All except statement iii

Answer 1

All except statement iii.