Economists point out that the quality of economic decisions depends on the quality of the information underlying those decisions.

Question

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Economists emphasize that good quality information is essential for making sound economic decisions. This information is used to make informed judgments and predictions about the consequences of different courses of action. Lack of information, or reliance on low-quality information, can lead to flawed judgments and poor decision-making.

Economists Point Out That the Quality of Economic Decisions Depends