Economists tend to:
A)try to expand their understanding of human behaviour and society
B)ignore the workings of political institutions
C)tend to assume no hidden actions or characteristics when analysing insurance, labour and used car markets
D)all of the above

Question

Quizplus · Accepted Answer

Economists aim to expand their understanding of human behavior and society, incorporating insights from various fields to analyze economic phenomena. Choices B and C are incorrect because economists often consider the impact of political institutions and acknowledge information asymmetries in markets such as insurance, labor, and used cars.

Economists Tend To