What Is the Strongest Argument for Why We Need More

question 16

Multiple Choice

What is the strongest argument for why we need more economists today than ever before?

• A) We have a need for more wealth given the higher standard of living that individuals demand.
• B) Economists are needed to address the allocation of scarce resources as a result of the world's growing population.
• C) Economists are needed to make sure that firms continue to make profits.
• D) Economists are needed to make sure that consumers are well informed about their possible purchase options and that they budget their finances appropriately.
• E) Economists are needed to make sure that the government doesn't involve itself too much in the economy.

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Definitions:

Second-order Polynomial

A polynomial of degree two, characterized by a quadratic equation that includes squared terms as its highest order.

Influenced

The effect or impact of one variable on another within a study or analysis.

Linear Regression Equation

An equation that describes the linear relationship between two or more variables, typically involving a dependent variable and one or more independent variables.

Independent Variable

A variable in an experiment or model that is manipulated to observe its effect on a dependent variable.