When a parent tells you not to study economics because it is a pointless discipline,why is he or she incorrect?
A) The government continues to play a role in our daily lives.
B) People have the freedom to do whatever they want, and economists have nothing to add to their decision-making process.
C) There are not enough resources to produce all the goods and services that are wanted and needed.
D) Economics has nothing to offer in terms of understanding the stock market.
E) Economics has nothing to offer in terms of understanding government programs like Social Security.
Correct Answer:
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Q2: Macroeconomics is the study of
A) the economic
Q3: In economics,choices are necessary because of the
Q6: The basic goal of economics is:
A) controlling
Q9: Which of the following is a microeconomic
Q9: Which scenario describes studying for an economics
Q10: As a new firm in the apple-picking
Q11: Which of the following statements best represents
Q12: The need to study economics would cease
Q13: When consumers discard their gasoline-powered automobiles for
Q17: Because of scarcity
A) individuals and societies are
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