Asked by Darcey Borellini on Jul 26, 2024
Verified
When economists are trying to explain the world, they are scientists, and when they are trying to help improve the world, they are policy advisers.
Scientists
Individuals engaged in systematic activities to acquire knowledge that describes and predicts the natural world, typically through observation and experimentation.
Policy Advisers
Experts who offer advice on public or corporate policy to decision-makers.
- Distinguish between positive and normative declarations, and their respective functions in economic theory.
- Recognize the difference between microeconomics and macroeconomics.
Verified Answer
VR
Victoria ReynoldsJul 27, 2024
Final Answer :
True
Explanation :
Economists act as scientists when they develop and test theories to explain economic phenomena, and they act as policy advisers when they use their insights to help design policies that address economic problems.
Learning Objectives
- Distinguish between positive and normative declarations, and their respective functions in economic theory.
- Recognize the difference between microeconomics and macroeconomics.
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