1. Why should someone study economics? Explain how the knowledge of economics benefits an earner, a consumer and a citizen. 2. A wealthy relative has given you a surprise graduation gift, 1,000. Choose from among the various investment options below and explain why you picked that one in order to provide you with both safety and a decent rate of return for a long- term investment. a) Savings Account b) Checking Account c) Certificate of Deposit d) Corporate Stocks e) Mutual Funds f) Bonds