When a Parent Tells You Not to Study Economics Because

question 58

Multiple Choice

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.

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Definitions:

Logical Result

An outcome that naturally follows from the premises or conditions according to principles of logic.

Indirect Claim Request

A polite or subdued approach to making a demand or assertion, often used to avoid confrontation.

Problem Statement

A brief summary identifying an issue that needs resolution or a situation that requires enhancement, highlighting the difference between the existing situation and the hoped-for condition.

Second Paragraph

The portion of text that directly follows the first paragraph, often expanding on an introduction or moving into more specific detail.