Why are historical episodes valuable to economists?
A) They allow economists to see how far the discipline has evolved.
B) It is easier to obtain historical data than observe current trends.
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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Q5: What is the goal of theories?
A) to
Q6: What is meant by scientific method?
A) the
Q7: Where do the most common data for
Q8: What happens when economists test theories?
A) They
Q9: What do economists do when they attempt
Q11: Which statement best describes the way economists
Q12: Who said, "The whole of science is
Q13: Which terms are used by an economist?
A)
Q14: What observation did Albert Einstein once make
Q15: Why is the use of theory and
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