Economists use some familiar terms in specialized ways
A)to make the subject sound more complex than it is.
B)because every respectable field of study has its own language.
C)to provide a new and useful way of thinking about the world.
D)because it was too difficult to come up with new terms.

Question

Quizplus · Accepted Answer

Economists use familiar terms in specialized ways to provide a new and useful way of thinking about the world. This allows them to analyze and understand economic concepts in a more precise and rigorous manner, and to communicate their findings more effectively with other economists and policymakers. It is not intended to make the subject more complex than it is, and the use of specialized terminology is common in many fields of study. Additionally, coming up with new terms for every concept would be impractical and confusing.

Economists Use Some Familiar Terms in Specialized Ways