7
QuizMultiple Choice

Competition and Free Enterprise — Unit test

Question 7 • 2102320-Economics HONORS - Edgenuity Teacher

What is one purpose of studying economics?

Answer
t
to understand the reasons why people purchase certain goods
t
to find reasons why some resources become scarce
t
to determine the principles that explain why consumers buy services
t
to examine principles that influence the production of goods and services

Explanation

Economics studies how people and societies use resources to produce, distribute, and consume goods and services. Examining the principles that influence production is therefore one purpose of studying economics. Choice A is narrower because it focuses only on why people purchase goods.

AI-written and checked against the verified answer.

Previous
Next