What is a word's denotative meaning?

A) The feelings associated with a word
B) Its literal meaning
C) An expression of a quality or characteristic
D) A broad,encompassing category of ideas
E) Its ability to stand for something that cannot be seen or touched

Which of the following statements is correct?

A) Economics is a natural science.
B) In large measure, economics is the study of how people make choices.
C) If poverty was eliminated there would be no reason to study economics.
D) Economic analysis can be used to explain how societies, but not individuals, make decisions.