Multiple Choice
Economists regard events from the past as
A) irrelevant,since history is unlikely to repeat itself.
B) of limited interest,since those events seldom provide any useful economic data.
C) interesting but not particularly valuable,since those events cannot be used to evaluate present-day economic theories.
D) interesting and valuable,since those events are capable of helping us to understand the past,the present,and the future.
Correct Answer:

Verified
Correct Answer:
Verified
Q207: For economists,substitutes for laboratory experiments often come
Q208: The art in scientific thinking is<br>A)finding the
Q209: The essence of science is<br>A)the laboratory experiment.<br>B)the
Q210: An example of a price that changes
Q211: Which of the following transactions takes place
Q213: Figure 2-16 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-16
Q214: Figure 2-9<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-9
Q215: Economists face an obstacle that many other
Q216: The field of economics is traditionally divided
Q217: Production possibilities frontiers are usually bowed outward.This