Because It Is Difficult for Economists to Use Experiments to Generate

question 72

Multiple Choice

Because it is difficult for economists to use experiments to generate data,they generally must

• A)do without data.
• B)substitute assumptions for data when data are unavailable.
• C)rely upon hypothetical data that were previously concocted by other economists.
• D)use whatever data the world gives them.

---

Definitions:

Financial Risks

The potential for losses due to fluctuations in financial markets, interest rates, foreign exchange rates, and credit risk.

Computer Software

Programs and other operating information used by a computer to perform specific tasks.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, influenced by trade, investment, and technology.

Risk Profile

An evaluation of an individual's or organization's willingness and capacity to take risks, as well as the potential loss that could result from those risks.