To analyze policy options, economists are forced to deal with:

Question

Quizplus · Accepted Answer

Economists need to analyze future possibilities and potential outcomes of policies, which involves considering things that have not yet occurred. They must project and forecast based on available data and assumptions. While politicians and business people may be involved in the policy-making process, they are not the primary focus of analysis for economists. Rotating statistical values may also be a factor, but they are not the sole focus of analysis.

To Analyze Policy Options, Economists Are Forced to Deal With