Documents The Economist as Scientist Economists play two roles: Scientists: try to explain the world Policy...

Slide 1 The Economist as Scientist Economists play two roles: Scientists: try to explain the world Policy advisors: try to improve it In the first role, economists employ…

Documents The Economic Problem

The Economic Problem CHAPTER 2 After studying this chapter you will be able to Define the production possibilities frontier and calculate opportunity cost Distinguish between…