Economics is the study of the choices people make in an effort to satisfy their needs and wants.
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True

Explanation:

Economics is the study or branch of the people individually or collectively satisfy their own needs depends on their own choices. Economics explains the how goods and services as inputs processed, transported and distributed to the end consumers or customers. Economics classified in to two types such as Micro economics and Macro economics. Micro economics deals with the sector oriented or product oriented then specific matter wise analysed. Macro economics deals with the country oriented such as National income, GDP, poverty and unemployment of country and so on.

the thirteen colonies are:

connecticut, delaware, georgia, maryland, massachusetts, new jersey, new york, new hampshire, north carolina, pennsylvania, rhode island, south carolina, virginia