Ask Question
18 August, 06:37

The basic task of economics is to a. explain the tax and expenditure policies of governments. b. predict the future movements of the stock market. c. explain the forces that underlie human decision making. d. report on key economic indicators, such as GDP and unemployment.

+4
Answers (1)
  1. 18 August, 06:54
    0
    The correct answer is option c.

    Explanation:

    Economics is the study of economic activities such as production, consumption, distribution, and exchange. The basic problem in economics is the scarcity of resources.

    The study of economics tries to explain how humans allocate the limited resources to satisfy unlimited wants and needs such that they are able to maximize profit.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The basic task of economics is to a. explain the tax and expenditure policies of governments. b. predict the future movements of the stock ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers