Below are some production possibilities data for the mystical land of Ghandor.

-Why do economists feel that their discipline is relevant?
A)It is able to predict the future very well.
B)It is a value-free study.
C)Its methodology is so different from other social sciences.
D)The scope and range of subjects that it addresses is very wide.

Question

Below are some production possibilities data for the mystical land of Ghandor.
 
-Why do economists feel that their discipline is relevant?
A)It is able to predict the future very well. 
B)It is a value-free study. 
C)Its methodology is so different from other social sciences. 
D)The scope and range of subjects that it addresses is very wide.

Quizplus · Accepted Answer

Economists feel that their discipline is relevant because the scope and range of subjects that it addresses is very wide. Economics deals with a wide range of topics such as microeconomics, macroeconomics, international economics, public economics, developmental economics, etc. Moreover, economics helps in understanding the choices made by individuals, firms, and governments, and how these choices affect the economy. Economics also helps in analyzing the impact of policies, predicting trends and outcomes, as well as in designing better policies for the future. Therefore, the discipline of economics has a broad relevance across various spheres of human activity.

Below Are Some Production Possibilities Data for the Mystical Land