What Are the Roles of Economists When Trying to Explain

question 38

Multiple Choice

What are the roles of economists when trying to explain or to improve the world?

• A) In trying to explain the world, economists are policy advisers; in trying to improve the world, they are scientists.
• B) In trying to explain the world, economists are mathematicians; in trying to improve the world, they are policymakers.
• C) In trying to explain the world, economists are mathematicians; in trying to improve the world, they are scientists.
• D) In trying to explain the world, economists are scientists; in trying to improve the world, they are policy advisers.

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Definitions:

Creditors

Individuals or institutions that extend credit by lending money or providing goods or services that will be paid for later.

Leveraged Buyout

A transaction where a company is acquired primarily using borrowed funds.

Publicly Traded Company

A company that is registered with the SEC and whose securities therefore may be sold to the general public.

Privately Held

A business ownership structure where the company's shares are not available for public trading on stock exchanges.