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2 cards from this section. Quick, good the night before a test.
What does economics study?
Think about how we deal with our limited wants.
Name one economic problem statistics can help analyze.
Consider issues faced by societies.
What is the primary role of statistics in economics?
Think about what statistics helps us to achieve.
True or False: Statistics can lead to faulty conclusions if not used properly.
Consider how data can be misused.
Discuss a scenario where statistical analysis predicted a rise or fall in economic indicators. Was the prediction accurate?
Consider major economic events in the last decade.
Design a study to analyze the impact of a specific government policy on the economy, using statistical methods.
Choose a policy that has recent data available.
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