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Applied Economics Overview

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Questions and Answers

Which of the following fields is NOT typically characterized by the application of applied economics?

Labour economics

Financial economics

Agricultural economics

Macroeconomics (correct)

What is the purpose of applied economics from the perspective of economic development?

To reduce the quality of business practices

To increase the level of abstraction in economic theory

To discourage national policy making

To enhance the quality of business practices and national policy making (correct)

Which of the following is NOT an approach used in applied economics?

Input-output analysis or simulations

Empirical estimation using econometrics

Historical analogy

Philosophical analysis (correct)

What does Roger Backhouse and Jeff Biddle argue regarding the concept of applied economics?

<p>It has multiple meanings</p> Signup and view all the answers

What is indicative of the ambiguous nature of the concept of applied economics?

<p>Its variety of approaches including case studies, historical analogy, and common sense</p> Signup and view all the answers

Applied Economics Overview

Choose a study mode

Podcast

Questions and Answers

Which of the following fields is NOT typically characterized by the application of applied economics?

What is the purpose of applied economics from the perspective of economic development?

Which of the following is NOT an approach used in applied economics?

What does Roger Backhouse and Jeff Biddle argue regarding the concept of applied economics?

What is indicative of the ambiguous nature of the concept of applied economics?

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