The study of economics is not useful for consumers, because economic analysis focuses only on businesses and the economy.

Question

Quizplus · Accepted Answer

This statement is false. The study of economics is extremely useful for consumers, as it provides insights into how markets work, how prices are determined, and how consumers can make informed decisions about their purchases. Economic analysis also considers factors that affect consumer behavior, such as income, preferences, and the availability of substitutes.

The Study of Economics Is Not Useful for Consumers, Because