Q&A Hero

Question

When Noahs parent tells him 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. Economics is a tool used to understand what happens in a world where 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.

Answer

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