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Sublight2097 Sublight2097
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8 years ago
Can phenomena as diverse as pencil production and highway traffic be legitimately studied by economists?
A) No. One is properly in the field of business, the other in city planning.
B) No. Although production is properly in the field of economics, highway traffic is only properly studied by planners and environmentalists.
C) Yes. Both phenomena emerge from choices of individuals with limited information.
D) Yes. Both phenomena emerge in the market system without any human intervention.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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8 years ago
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Sublight2097 Author
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#2
8 years ago
Seriously, you've been tremendously helpful! Thank you.
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8 years ago
Another success story!

I'm proud Smiling Face with Glasses
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#4
8 years ago
Quote from: Sublight2097 (8 years ago)
Can phenomena as diverse as pencil production and highway traffic be legitimately studied by economists?
A) No. One is properly in the field of business, the other in city planning.
B) No. Although production is properly in the field of economics, highway traffic is only properly studied by planners and environmentalists.
C) Yes. Both phenomena emerge from choices of individuals with limited information.
D) Yes. Both phenomena emerge in the market system without any human intervention.
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