Which of the following is a decision that economists study? a) How much people work, b) What people buy, c) How much money people save, d) All of the above are correct

Business Dec 10, 2020

Which of the following is a decision that economists study?

a) How much people work,

b) What people buy,

c) How much money people save,

d) All of the above are correct.

Expert Solution

Answer: D

Economists stuffy all aspects of people's monetary decisions since it affects all types of markets. This means they study how much people work in order to study how the labor market works. They study how much people save in order to study how the market for loanable funds works. They study what people buy so they can understand how demand in a market changes. Economists thus study anything that affects markets which they assume is the best way to organize economic activity.

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