What distinguishes economists from other scientists?
A) Economists see the world through a lens of incentives; other scientists focus on other aspects of the world.
B) Economists use models; other scientists build scaled-down replicas of what they are studying.
C) Economists use regression models; other scientists use only correlations among variables.
D) Economists focus more on policy issues compared with other scientists.
Correct Answer:
Verified
Q8: Which type of economists rely on the
Q9: The smaller the coefficient of determination, the
Q10: Behavioral economists attempt to take into account
Q11: Behavioral economists believe in modifying the assumption
Q12: What is the glue that holds modern
Q14: The endowment effect is used to describe
Q15: Traditional economists prefer simpler models because they
Q16: If an economist wanted to understand why
Q17: Traditional models see no role for the
Q18: What distinguishes a deductive approach from an
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents