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Introduction to Economics

Question 2 • Financial Literacy (WMHS) - Semester 1

What are some reasons for studying economics? Choose three answers.Economics has an impact on everyday life.Economics helps people learn to manage resources.Economics describes the reasons products are scarce.Economics explains the roles of producers and consumers.Economics shows how people work together to make money.

Answer
A
Economics has an impact on everyday life.
B
Economics helps people learn to manage resources.
C
Economics describes the reasons products are scarce.
D
Economics explains the roles of producers and consumers.
E
Economics shows how people work together to make money.
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