WAEC Economics 2006 Question 1

Question 1

Basic Concepts

The study of Economics enables individuals to

  1. A.change jobs
  2. B.evade taxes
  3. C.accumulate huge wealth
  4. D.make rational decisions
Show the answer and explanation

Answer: D (make rational decisions)

Explanation

Economics teaches how to choose among alternatives when resources are scarce, so it helps people make rational decisions.