Question

The goal of an economist who formulates new theories is to a. provide an interesting framework of analysis, whether or not the framework turns out to be of much use in understanding how the world works. b. provoke stimulating debate in scientific journals. c. contribute to an understanding of how the world works. d. demonstrate that economists, like other scientists, can formulate testable theories.

Answer 1

Hello there!

Your question asks what the goal of an economist who makes new theories is.

Answer: C). contribute to an understanding of how the world works

The reason why answer choice " c. contribute to an understanding of how the world works" is the correct answer because this is specifically the goal of an economist who makes new theories.

What an economist does is study economics. They pretty much study the way goods are distributed around the world, traded, etc.

Economists would need to understand how the world works in order to make theories, due to the fact that their theories are based upon what's going on in the world. If an economists doesn't know what's going on in the world, then their theories would be unreliable, and probably would not be on topic with what's going on in "modern-day" economics.

I hope this helps!

Best regards, MasterInvestor