Question

What are some reasons for studying economics? Check all that apply.

Answer 1

Answer:

The correct answers are:

- Economics has an impact on everyday life.

- Economics helps people learn to manage resources.

- Economics explains the roles of producers and consumers.

Explanation:

Economics is a social science that provides us important information about production and distribution and consumption of goods or services.

Economics can provide us all the skills we need to understand the role of goods, services, and resources of our everyday life and how should we manage those resources in order to raise our incomes and arrange investments. It also helps us understand the division of labor, based on production and incomes we use to buy products.

Answer 2

Answer:

Economics has an impact on everyday life.

Economics helps people learn to manage resources.

Economics explains the roles of producers and consumers.

Explanation:

Just answered the question.