An economist's main professional objective is to:
A) become wealthy.
B) control the government's decision-making processes.
C) understand how the economy works.
D) discover which stock prices will decrease.
E) understand the psychology of participants in markets.

Question

Quizplus · Accepted Answer

An economist's main professional objective is to understand how the economy works. This involves studying various economic factors such as production, distribution, consumption, and trade of goods and services. Economists use this knowledge to provide insights and advice to businesses, governments, and individuals on making sound economic decisions. Becoming wealthy or controlling the government's decision-making processes are not the primary objectives of economists. Similarly, discovering which stock prices will decrease or understanding the psychology of participants in markets are more suited to financial analysts or behavioral economists.

An Economist's Main Professional Objective Is To