Questions for economic reasoning and discussion

1. “If all people could have anything they wanted simply by rubbing a magic lantern, there would be no need to study economics.” Explain this statement.

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2. Choose the right variant. Only one is possible.

1. Why should you study economics?

1. To learn a way of thinking.

2. To understand society.

3. To understand global affairs.

4. To be an informed voter.

5. All of the above.

2. One of the major benefits of studying economics is the

1. guarantee of a good job upon graduation.

2. increased understanding of how the world works.

3. fact that there is no opportunity cost from taking an economics course.

4. decreased satisfaction with the world.

2. As a consumer, you potentially will benefit from studying economics through

1. learning how to purchase fewer goods and services.

2. making wiser and more perceptive purchasing decisions.

3. purchasing more expensive goods and services.

4. developing into a better producer of goods and services.

2. As a worker, you will benefit from studying economics through

   1. increased potential earnings and better career decisions.

   2. making wiser and more perceptive political decisions.

   3. learning how to consume fewer goods and services.

   4. becoming better at consuming goods and services.

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