Why Do Economists Use Economic Theory in Their Work

question 92

Multiple Choice

Why do economists use economic theory in their work?  

• A) to express their normative values 
• B) to develop imaginative and interesting stories 
• C) to predict the behaviour of a specific economic decision maker after an economic change 
• D) to predict the average behaviour of a group of similar economic decision makers after an economic change

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Definitions:

Ethane

A colorless, odorless gas that is the second simplest alkane, consisting of two carbon atoms and six hydrogen atoms.

Double Bonds

Chemical bonds between two atoms involving four bonding electrons instead of the usual two, making the bond stronger and the structure more rigid.

Lewis Structure

A graphical representation of the valence electrons of atoms within a molecule, showing how they are arranged and shared to form bonds.

Chloromethane

A colorless, flammable gas with a faintly sweet odor, used in the production of silicones.