Question 1

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

Accepted Answer

The language of economics may seem technical, but it is valuable because it allows us to understand complex concepts and analyze data in a systematic way. It is not easy to learn within a day, nor is it unnecessary for a thorough understanding of economics.

Question 2

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

Accepted Answer

Studying theory helps to understand the fundamental principles and concepts of economics. Case studies provide real-world examples that demonstrate how these concepts are applied in practice. Following current events and analyzing economic decisions made in the news helps to develop critical thinking skills and apply economic principles to real-world problems. Therefore, all of the above options are helpful in learning to think like an economist.

Question 3

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.

Accepted Answer

Economists use familiar terms in specialized ways to provide a new and useful way of thinking about the world. It allows them to develop their own language and theories to better understand economic concepts and phenomena.

Quiz 2: Thinking Like an Economist

The language of economics is

Studying which of the following is helpful in learning to think like an economist?

Economists use some familiar terms in specialized ways

Quiz 2: Thinking Like an Economist

The language of economics is

Studying which of the following is helpful in learning to think like an economist​?

Economists use some familiar terms in specialized ways

Studying which of the following is helpful in learning to think like an economist?