Economic theory is necessary and extremely important because of its relationship to economic policy.

Name: Economic theory is necessary and extremely important because of its relationship to economic policy.
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

Economic theory provides a framework for understanding how the economy works, which is essential for designing effective economic policies. Economic policy decisions are often based on economic theory, so a comprehensive understanding of economic theory is crucial for policymakers.

Economic Theory Is Necessary and Extremely Important Because of Its