Tools used by economists include
A)historical study.
B)mathematical reasoning.
C)statistical inference.
D)All of these responses are correct.

Question

Quizplus · Accepted Answer

Economists use all of these tools to analyze economic phenomena. Historical study is important for understanding past economic events and trends. Mathematical reasoning allows economists to make precise predictions and models of economic behavior. Statistical inference allows economists to test hypotheses and draw conclusions from data.

Tools Used by Economists Include