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Studying economics will help you: (Check all that apply.) Question 2 options: Form your opinion on...

Studying economics will help you: (Check all that apply.)

Question 2 options:

Form your opinion on whether or not marijuana should be legalized

Run your business

Better understand the effects of the global climate change

Be a better citizen

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Answer #1

a) Form your opinion on whether or not marijuana should be legalized

b) Run your business

Economics studies economic relations and problems when resources are scarce and human wants are unlimited. By studying economics, people can get help to run business because economics tells about implicit and explicit costs of firms. Economics studies externalities which can tell you whether or not marijuana should be legalized.

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