Economists attempt, with moderate success, to perform controlled experiments making policy analysis helpful.

Explain the reasons for the economic "miracle" of the East Asian countries between 1960 and 1997. Is it only because of the common Asian practice of industrial policy and business-government cooperation?

What will be an ideal response?

After Hurricane Katrina, construction wages in New Orleans rose partly because of the loss of a working population

a. True b. False Indicate whether the statement is true or false