Which of the following statements about economics is the most accurate?
A) It concerns itself only with monetary decisions.
B) It says very little about "everyday life."
C) It is a narrowly focused discipline.
D) It is a broad-ranging, problem-solving discipline.

Question

Quizplus · Accepted Answer

Economics is a broad-ranging discipline that deals with a variety of topics, including production, consumption, trade, and distribution of goods and services, as well as the ways in which individuals and societies make decisions about the allocation of resources. It is also concerned with understanding and addressing issues such as poverty, inequality, unemployment, and environmental degradation. Therefore, economics is a problem-solving discipline that addresses many real-life issues.

Which of the Following Statements About Economics Is the Most