With Respect to How Economists Study the Economy,which of the Following

question 71

Multiple Choice

With respect to how economists study the economy,which of the following statements is most accurate?

• A)Economists study the past,but they do not try to predict the future.
• B)Economists use "rules of thumb" to predict the future.
• C)Economists devise theories,collect data,and analyze the data to test the theories.
• D)Economists use controlled experiments in much the same way that biologists and physicists do.

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Definitions:

Short Period

A brief span of time, typically suggesting a duration that is relatively transitory or temporary.

Appreciative Inquiry

A collaborative and strengths-based approach to organizational change, focusing on exploring and amplifying positive potential.

Strengths

The qualities or attributes that are considered to be an advantage or are beneficial.

Deficits

The amount by which something, especially a sum of money, is too small or is lacking in comparison to requirements or expectations.