Question 1

Studying which of the following is helpful in learning to think like an economist&#8203;?&#10;A)&#8203;theory.&#10;B)&#8203;case studies.&#10;C)examples of economics in the news.&#10;D)&#8203;all of the above.

Accepted Answer

To think like an economist, it is helpful to study theory to understand how the economy works and the principles that govern it. It is also beneficial to look at case studies to see how these principles apply in real-world situations, as well as to examine examples of economics in the news to understand current events and their economic implications. Therefore, all of the above options are helpful in learning to think like an economist.

Question 2

The language of economics is&#10;A)needlessly arcane.&#10;B)valuable because it provides a new and useful way of learning about the world.&#10;C)easy to learn within a day.&#10;D)unnecessary to learn for a thorough understanding of economics.

Accepted Answer

The language of economics may seem complex, but it provides a valuable way of understanding how the world works in terms of supply and demand, production, and consumption. It is not easy to learn within a day, but it is important for a thorough understanding of economics.

Deck 2: 0: Sec 20 Mc Thinking Like an Economist