Which of the Following Statements Is Correct About the Roles

question 58

Multiple Choice

Which of the following statements is correct about the roles of economists?

• A)When economists are trying to explain the world, they are in the realm of microeconomics rather than macroeconomics.
• B)When economists are trying to improve the world, they are in the realm of positive economics rather than normative economics.
• C)Economists are best viewed as scientists.
• D)In trying to improve the world, economists are policy advisers.

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Definitions:

Ownership

The state or fact of possessing something, which can include both tangible assets (like property) and intangible assets (like intellectual property).

International Business

A business that conducts for-profit transactions of goods and services across national boundaries.

For-Profit Transactions

Financial activities conducted by businesses with the primary objective of earning profit, as opposed to non-profit or charitable activities.

World 3.0

A world where nations balance cooperation in the global economy with national identities and interests.