of the following statements is correct? Economics is a natural science. n large measure, economics is the study of how people make choices. f poverty was eliminated there would be no reason to study economics. Economic analysis can be used to explain how societies, but not individuals, of the following statements is correct? Economics is a natural science. n large measure, economics is the study of how people make choices. f poverty was eliminated there would be no reason to study economics. Economic analysis can be used to explain how societies, but not individuals