The goal of an economist who formulates new theories is to
a. provide an interesting framework of analysis, whether or not the framework turns out to be of much use in understanding how the world works.
b. provoke stimulating debate in scientific journals.
c. contribute to an understanding of how the world works.
d. demonstrate that economists, like other scientists, can formulate testable theories.
c
You might also like to view...
The opportunity cost of being unemployed tends to be the highest in which of the following countries?
A) Canada B) France C) the United Kingdom D) the United States
Which of the following statements best represents the law of supply?
A) Price and quantity supplied are inversely related. B) Price and quantity supplied are directly related. C) Price and quantity supplied are inversely related, ceteris paribus. D) Price and quantity supplied are directly related, ceteris paribus. E) Price and supply are directly related, ceteris paribus.