Historical episodes are
A)valuable to economists because they allow economists to see how the science of economics has evolved.
B)valuable to economists because they allow economists to evaluate economic theories.
C)not of concern to economists because economics is about predicting the future,not dwelling on the past.
D)not of concern to economists because the exact circumstances of historical episodes are unlikely to be observed again.

Question

Quizplus · Accepted Answer

Historical episodes are valuable to economists because they allow economists to evaluate economic theories. By looking at how economic theories played out in the past, economists can identify strengths and weaknesses, and refine their understanding of economic principles.

Historical Episodes Are