Using economic theory to analyze policy issues
A)is a way to avoid inconvenient facts.
B)allows researchers to disprove a hypothesis.
C)relies on simplifications to conduct studies.
D)always includes the inclusion of political ideals.

Question

Quizplus · Accepted Answer

Economic theory, like any other theory, involves simplifications in order to make it possible to conduct studies. However, these simplifications can sometimes overlook certain complexities or nuances that can impact policy issues. Therefore, relying solely on economic theory to analyze policy issues may not always provide a complete or accurate picture.

Using Economic Theory to Analyze Policy Issues