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:

Western Domination

The historical and contemporary dominance of Western industrialized nations in global political, economic, and cultural systems.

Colonialism

A practice of domination, which involves the subjugation of one people to another, often involving the exploitation of resources, cultures, and territories.

Creative Destruction

A concept in economics introduced by Joseph Schumpeter, referring to the process where new innovations lead to the demise of older technologies or structures.

Capitalism

An economic system characterized by private ownership of the means of production and the creation of goods or services for profit in a competitive market.