Defense economics examines the allocation of financial resources for defense purposes.Select one:TrueFalse

The statement is True.

Defense economics is a specialized branch of economics focused on the study of the allocation, use, and efficiency of financial resources for military and defense purposes. This field investigates how nations prioritize their defense spending within the larger context of their overall economic resources. It explores the trade-offs between military and non-military expenditures, the implications of military spending on economic growth, and the economic factors influencing national security policies. Topics of interest often include the costs of war, military procurement processes, economic impacts of arms races, and the relationship between defense spending and national security. Therefore, it is accurate to say that defense economics examines the allocation of financial resources for defense purposes, making the statement true.