Asked by
Janaya Wofford
on Nov 11, 2024Verified
As a scientist,an economist's main professional objective is to:
A) become wealthy.
B) control the government's decision-making processes.
C) understand how the economy works.
D) discover which stock prices will decrease.
E) understand the psychology of participants in markets.
Economy Works
The systematic way in which economic activities are organized and conducted in a society to produce goods and services.
Scientist
A professional engaged in a systematic activity to acquire knowledge, often employing the scientific method in various fields.
Stock Prices
The cost of purchasing a share of ownership in a company, which can fluctuate based on market conditions.
- Understand the application of the scientific method in economics, encompassing hypothesis formulation and predictive analysis.
Verified Answer
YB
Learning Objectives
- Understand the application of the scientific method in economics, encompassing hypothesis formulation and predictive analysis.