What Is One Difficulty Economists Face That Some Other Scientists

question 37

Multiple Choice

What is one difficulty economists face that some other scientists do not?

• A)Unlike other sciences, economic studies must include the largest economic player, the government.
• B)Economists unfortunately receive less government funding than other scientists.
• C)Corporations are reluctant to disclose necessary information for economic research.
• D)Experiments are often difficult in economics.

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Definitions:

Opportunity Costs

The denial of gaining from various other opportunities when a single choice is made.

Economists

Professionals who study the production, distribution, and consumption of goods and services.

Unrealistic Assumptions

Hypothetical conditions in models or theories that do not necessarily reflect real-life complexities, used to simplify analysis.

Economic Problems

Economic Problems refer to the various challenges that countries face in allocating scarce resources to meet the desires and needs of their populations.