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lestion 15 of 15
E^(infty ) The Core Principles of Economics - End of Chapter Problem
Consider the following statement: "Economists always put things into monetary terms; as a result, economics can most appropriately be called the study of money."
Is this statement true or false?
False, economists use monetary terms because they can be quantified and compared, but economics is better described as an approach to decision making.
False, even though economists use money as a form of measurement, economics is better described as the study of financial markets.
False, even though economists use monetary terms often, economics is better described as a governmental approach to improving market outcomes.
True, financial markets are the primary focus of economics.
Completed15 out of 15
estion 15 of 15
The Core Principles of Economics-End of Chapter Problem Consider the following statement: "Economists always put things into monetary terms; as a result, economics can most Macmillan Learning appropriately be called the study of money' Is this statement true or false? O False, economists use monetary terms because they can be quantified and compared, but economics is better described as an approach to decision making O False, even though economists use money as a form of measurement,economics is better described as the study of financial markets. O False, even though economists use monetary terms often, economics is better described as a governmental approach to improving market outcomes. O True, financial markets are the primary focus of economics.