When Noah's parent tells him not to study economics because it is a pointless discipline,why is he or she INCORRECT?
A) The government continues to play a role in our daily lives.
B) People have the freedom to do whatever they want,and economists have nothing to add to their decision-making process.
C) Economics is a tool used to understand what happens in a world where there are not enough resources to produce all the goods and services that are wanted and needed.
D) Economics has nothing to offer in terms of understanding the stock market.
E) Economics has nothing to offer in terms of understanding government programs like Social Security.

Question

Quizplus · Accepted Answer

Economics is a valuable discipline that helps us understand how societies deal with constrained resources and make decisions about how to allocate them. It provides insights into topics like trade, taxation, and government spending, which have a significant impact on our daily lives. Therefore, Noah's parent is incorrect in dismissing economics as a pointless discipline.

When Noah's Parent Tells Him Not to Study Economics Because