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1). Studying economics provides one with not just an understanding of human behaviour, but also cultivates in students the problem-solving, analytical, communication and persuasion skills that are critical for success in today's job market.
2). This more relaxed parenting style appears to be associated with two things: one, an economy where there is more income equality, and two, situations where there is less disparity among schools—that is, where schools are generally more homogenous in terms of quality.
3). Four key economic concepts—scarcity, supply and demand, costs and benefits, and incentives—can help explain many decisions that humans make.
Explanation:
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