Future Business Leaders of America (FBLA) Agribusiness Practice Test

What is the main focus of an economist?

1. Production of crops and livestock

2. Research on environmental issues

3. The production, distribution, and consumption of goods and services

4. Sales strategies for agricultural products

The correct answer is: The production, distribution, and consumption of goods and services

The main focus of an economist is on the production, distribution, and consumption of goods and services. Economists analyze how societies allocate resources to meet their needs and wants, examining the dynamics between supply and demand, market structures, and consumer behavior. This broad perspective allows them to understand not only how economies function but also the implications of economic policies, market fluctuations, and various economic forces on overall economic health. The other options, while they pertain to important aspects of the agricultural sector or related fields, do not encompass the comprehensive role of an economist. For instance, the production of crops and livestock is a specific aspect of agricultural production but does not reflect the broader economic principles that guide all types of goods and services. Similarly, research on environmental issues is critical for sustainability and policy-making but is more specialized than what economists typically engage in across the spectrum of economic activities. Lastly, sales strategies for agricultural products represent a narrow focus on marketing within a specific sector rather than the overarching economic principles that govern all markets.