When an economist wants to develop a theory to explain the effect of the price of oil on economic growth
A. the first step is to state the research question.
B. the first step is to examine the data.
C. the first step is to work out the implications of the theory.
D. he/she should start with microeconomic analysis.
Answer:A
When an economist wants to develop a theory to explain the effect of the price of oil on economic growth
A. the first step is to state the research question. B. the first step is to examine the data. C. the first step is to work out the implications of the theory. D. he/she should start with microeconomic analysis.