What is the strongest argument for why we need more economists today than ever before?
A) We have a need for more wealth given the higher standard of living that individuals demand.
B) Economists are needed to address the allocation of scarce resources as a result of the world's growing population.
C) Economists are needed to make sure that firms continue to make profits.
D) Economists are needed to make sure that consumers are well informed about their possible purchase options and that they budget their finances appropriately.
E) Economists are needed to make sure that the government doesn't involve itself too much in the economy.

Question

Quizplus · Accepted Answer

With the world's growing population, it becomes increasingly important to address the allocation of scarce resources in order to ensure that everyone has their basic needs met. This is where economists are needed, as they can provide insights into how to allocate resources in a way that is both efficient and equitable. Therefore, there is a greater need for economists today than ever before.

What Is the Strongest Argument for Why We Need More