Which Expression Below Matches Most Closely the Way Economists Go

question 336

Multiple Choice

Which expression below matches most closely the way economists go about testing their models?

• A) "Consistency is the hobgoblin of small minds."
• B) "Seeing the results is the only way to know if you are right."
• C) "A bird in the hand is worth two in the bush."
• D) "In the long run, we are all dead."

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Definitions:

Cynicism

A skeptical attitude towards the motives of others, often characterized by a belief that people are motivated by self-interest.

Emphasis On Force

A focus or reliance on the use of physical power or coercion to achieve compliance or exert control in a situation.

Constables

Law enforcement officers, typically in a particular jurisdiction, with various duties including serving legal documents and maintaining public order.

Instructions

Detailed information telling how something should be done, operated, or assembled.