Which of the Following Statements Best Describes the Economist's View

question 1

Multiple Choice

Which of the following statements best describes the economist's view of finance and the financial system?

• A)The financial system is very important to the functioning of the economy,and the tools of finance are often helpful to us as individuals when we find ourselves making certain decisions.
• B)The financial system,while interesting,is not very important to the functioning of the economy;however,the tools of finance are often helpful to us as individuals when we find ourselves making certain decisions.
• C)The financial system is very important to the functioning of the economy;however,the tools of finance are not particularly helpful to us as individuals since we seldom make decisions for which those tools are useful.
• D)The field of finance is intimately concerned with the financial system and the tools of finance,and financial economists see great importance in them;however,the "mainstream" economist sees little value in studying financial markets or the tools of finance.

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Definitions:

New England

A region in the northeastern United States, known for its colonial history, distinct seasons, and as the birthplace of America's industrial revolution.

John Peter Zenger

A New York printer and journalist whose 1735 acquittal in a libel case established important precedents for freedom of the press in the American colonies.

Free-Press Principle

The fundamental belief in the unrestricted right of the media to report news and express opinion, considered a cornerstone of democracy.

American Law

Refers to the legal system of the United States, which includes the Constitution, laws enacted by Congress, regulations developed by governmental agencies, and the case law established by courts.