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Question
Statistics solve economic problems.
Options
True
False
MCQ
True or False
Solution
This statement is true.
Explanation:
Statistics acts as a tool in the hands of economists that enables them to understand and evaluate an economic problem. The causes of a problem are identified through statistical tools and methods and policies and rectification measures are formulated accordingly.
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What is Economics?
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Chapter 1: Introduction - Exercise [Page 8]
