A primary role of ________ is to describe how choices are made,analyze the results of those choices,and advise on how better decisions can be made.
A)economists
B)government policymakers
C)a market economy
D)marginal analysis

Question

Quizplus · Accepted Answer

Economists are trained to analyze various factors such as costs, benefits, incentives, and trade-offs in decision-making processes. They use economic principles and data to evaluate different alternatives and advise individuals, firms, and governments on how to make better choices. Government policymakers may also play a role in decision-making, but their focus is primarily on implementing policy rather than analyzing the economic consequences of various options. A market economy is a system where buyers and sellers interact to determine prices and quantities, rather than being a group responsible for analyzing decision-making processes. Marginal analysis is a tool that economists use to evaluate the trade-offs between additional benefits and additional costs, but it is not a primary role.

A Primary Role of ________ Is to Describe How Choices