Question
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
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, even though economists use monetary terms often, economics is better described as a governmental approach to improving market outcomes.
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.
True, financial markets are the primary focus of economics.
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