Why are historical episodes valuable to economists?
A) They allow economists to see how far the discipline has evolved.
B) Hindsight is always 20/20.
C) It is easier to evaluate a past situation than to predict a future situation.
D) They allow economists to evaluate economic theories of the present.
Correct Answer:
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Q2: For economists, what are often used as
Q2: What does the art of scientific thinking
Q3: Because it is difficult for economists to
Q4: Which are terms used by an economist?
A)vector
Q5: When economists attempt to simplify the real
Q8: What happens when economists test theories?
A)They must
Q9: Who said, "The whole of science is
Q10: Which is the best statement about the
Q11: What observation did Albert Einstein once make
Q12: What is the goal of theories?
A)to provide
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