Policy-oriented economists seek to develop theories to
A) explain how things work, so policies can be formulated.
B) describe what happened in a particular time period in history.
C) describe current economic events.
D) find correlations between events.
E) change people's values and ethics.
Correct Answer:
Verified
Q195: Economic theory is a necessity, not a
Q196: Economic models cannot take the form of
A)equations.
B)words.
C)graphs.
D)actual
Q197: Economists use models in order to
A)experiment with
Q198: Economists use models in order to
A)get around
Q199: Economic models are rarely constructed using
A)equations.
B)words.
C)graphs.
D)physical objects.
Q201: The tangent at point A on a
Q202: Economists are often perceived as disagreeing with
Q203: What is the "right" degree of abstraction
Q204: Graphs are useful because of the way
Q205: To analyze policy options, economists are forced
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