Question

"Economics is both light giving as well as fruit-bearing" means:

a) Economics is like a source of illumination.
b) Economics contributes to the growth of wealth and prosperity.
c) Economics is a complex field.
d) Economics is unrelated to fruit-bearing.

Answer 1

Economics contributes to the growth of wealth and prosperity.

Step-by-step explanation:

Economics is concerned with the well-being of all people, including those with jobs and those without jobs, as well as those with high incomes and those with low incomes. It explores questions like how investing in education helps to develop workers' skills and how government spending, taxes, and regulations affect production and consumption decisions. Therefore, option b) Economics contributes to the growth of wealth and prosperity is the correct interpretation of the phrase.