Economists regard events from the past as
A) irrelevant, since history is unlikely to repeat itself.
B) of limited interest, since those events seldom provide any useful economic data.
C) interesting but not particularly valuable, since those events cannot be used to evaluate present-day economic theories.
D) interesting and valuable, because those events are capable of helping us to understand the past, the present, and the future.
Correct Answer:
Verified
Q3: By scientific method we mean
A) the use
Q5: Which of the following statements is true?
A)Economists
Q6: In conducting their research,economists face an obstacle
Q8: The use of theory and observation is
Q9: Sir Isaac Newton's development of the theory
Q10: Because it is difficult for economists to
Q11: Economists,like mathematicians,physicists,and psychologists,
A)make use of the scientific
Q14: Which of the following statements applies to
Q121: Which of the following statements is (are)correct?
A)
Q134: Economists make assumptions in order to
A) mimic
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