Which of the following statements regarding politics and the economy is true?
a. Because political decisions are typically made on a nation-by-nation basis, many of these decisions do not affect the lives and economic status of people in other nations.
b. Many political decisions affect the lives and economic status of people in other nations.
c. The economy refers to the interdependent workings and interests of political and economic systems.
d. The political economy is the social institution that ensures that a society will be maintained through its production, distribution, and consumption of goods and services.
Answer: b. Many political decisions affect the lives and economic status of people in other nations.
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