What Can Be Said About Economists in General

question 293

Multiple Choice

What can be said about economists in general?

• A) They do not try to explain people's tastes but do try to explain what happens when tastes change.
• B) They must be able to explain people's tastes to explain what happens when tastes change.
• C) They do not believe that people's tastes determine demand and therefore ignore the subject of tastes.
• D) They believe that tastes and demand move in opposite directions.

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Definitions:

Numerator

The top number in a fraction that indicates how many parts of a whole are being considered.

Kilo-

A prefix in the metric system denoting a factor of one thousand.

Ounce

A unit of weight in the avoirdupois system, equal to 1/16 of a pound or approximately 28.35 grams.

Abbreviation

A shortened form of a word or phrase used to simplify written and verbal communication.