Final answer:
Studying economics provides a basic understanding of how markets work, helps with personal finance decisions, allows for analysis of economic policies, and develops critical thinking and problem-solving skills. option 4 is answer
Step-by-step explanation:
A basic understanding of economics will benefit you throughout your life in several areas. First, it will help you in understanding how markets work and how supply and demand influence prices.
Second, it will enable you to make informed decisions about personal finance, such as budgeting, investing, and understanding interest rates.
Third, it will assist you in analyzing economic policies and their impact on society and individual behavior. Lastly, studying economics will contribute to the development of critical thinking and problem-solving skills that are valuable in various aspects of life. option 4 is answer