Which of following definitions of economics would be totally unacceptable to an economist? Economics is the study of choice. Economics is the study of how people deal with scarcity. Economics is the study of how the institutions and customs of capitalism shape us as individuals. Economics is the study of how individuals' actions, based on self-interest, affect the common good. Choose the most correct answer by clicking a button, or by typing a letter from the keyboard and pressing the tab key. Carlyle called economics the: positive science. normative science. unethical science. dismal science. Choose the most correct answer by clicking a button, or by typing a letter from the keyboard and pressing the tab key.