Measurement Is Necessary in Economics to

question 53

Multiple Choice

Measurement is necessary in economics to

• A) construct diagrams depicting economic models.
• B) evaluate the predictions of economic models.
• C) help distinguish positive from normative statements.
• D) identify the tasks an economy must perform.
• E) construct mathematical models of the economy.

---

Definitions:

Systematically

In a methodical and organized manner, following a fixed plan or system.

Using Analogies

The process of understanding or explaining something by comparing it to something else that is more familiar or simpler to understand.

New Problem

An issue or challenge that has not been encountered before, requiring novel approaches for resolution.

Successfully Solved

Refers to a problem or challenge that has been effectively resolved or deciphered.