Economic analysis is used
A) only by instructors and students in economics to understand the world.
B) only by business people to raise profits.
C) only by policy makers to make policy decisions.
D) in all decision making.

Question

Quizplus · Accepted Answer

Economic analysis is not limited to a particular field or industry. It is used in all decision-making processes, including by individuals, businesses, governments, and policy makers. It helps to understand the costs and benefits of different options and make informed choices that maximize overall welfare.

Economic Analysis Is Used