Which of the Following Statements Is Correct About the Roles

question 58

Multiple Choice

Which of the following statements is correct about the roles of economists?

• A)Economists are best viewed as policy advisers.
• B)Economists are best viewed as scientists.
• C)In trying to explain the world,economists are policy advisers;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:

Due Diligence Defense

A legal strategy where the defendant shows that reasonable actions were taken to avoid causing harm, used as a defense in civil litigation and regulatory compliance.

Securities Act of 1933

A federal law enacted to ensure more transparency in financial statements so investors can make informed decisions about investments, and to establish laws against misrepresentation and fraudulent activities in the securities markets.

Audited Financial Statements

Financial records that have been reviewed and certified by a certified public accountant (CPA) for accuracy and adherence to standard accounting practices.

Financial Statement Auditing

The examination and evaluation of a company's financial statements by an independent auditor to ensure accuracy, compliance with accounting standards, and fairness in financial reporting.