Historical episodes are
A) valuable to economists, primarily because they allow economists to see how the science of economics has evolved.
B) valuable to economists, primarily because they allow economists to evaluate economic theories of the present.
C) not of concern to economists, since economics is about predicting the future; economics is not about dwelling on the past.
D) not of concern to economists, since the exact circumstances of historical episodes are unlikely to be observed again.
Correct Answer:
Verified
Q22: When studying the effects of changes in
Q26: One thing economists do to help them
Q26: When studying the effects of public policy
Q28: Which of the following statements is true?
A)Few
Q30: Which of the following is not true
Q34: The goal of an economist who formulates
Q35: For an economist,the idea of making assumptions
Q36: The decision of which assumptions to make
Q44: In building economic models,economists often omit
A)assumptions.
B)theories.
C)details.
D)equations.
Q49: Which of the following statements about models
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