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:

Retirement

The process of leaving one's job or career and ceasing to work, typically due to age.

Premium on Bonds Payable

The amount by which the selling price of a bond exceeds its face value, representing an additional cost to the issuer.

Par Value

The face value of a bond or stock, representing the amount to be returned to the holder at maturity, often unrelated to its market value.

Semiannual Interest Payments

Interest payments made twice a year on investments such as bonds.