Choices made by economic decision makers
A)are government decisions only
B)are the primary focus of economics
C)are not important in economic analysis
D)occur infrequently
E)do not involve ordinary citizens

Question

Quizplus · Accepted Answer

The primary focus of economics is to understand the choices made by economic decision makers, including individuals, households, businesses, and governments. These choices have significant implications for economic outcomes such as prices, growth, and employment. Therefore, analyzing the behavior of economic decision makers is essential to understanding and improving the economy.

Choices Made by Economic Decision Makers