Question

Economic science examines the economy as a whole "top down” to explain broad aggregates and their interactions. Such aggregates include national income and output, the unemployment rate, and price inflation and sub aggregates like total consumption and investment spending and their components. It also studies effects of monetary policy and fiscal policy. Since at least the 1960s, economic science has been characterized by further integration as to micro-based modeling of sectors, including rationality of players, efficient use of market information, and imperfect competition.

• A. This has resulted in a better understanding of economic cyclical growth.
• B. This has addressed a long-standing concern on the same subject.
• C. Many economists feel that this further integration approach has enabled them to be able to make accurate growth projections.
• D. This has enabled finance managers to be able to measure risk measurement data.
• E. But, economists feel the addition of micro-based modelling of sectors only makes economic science more confusing and complex.

Answer 1

The correct option is B

This has addressed a long-standing concern on the same subject.

Option A can be eliminated as there is no data in the passage to suggest 'economic cyclical growth'.

Options C and E can be eliminated as we cannot end the paragraph with an introduction of a new idea - 'economists'

Similarly, option D is eliminated due to 'finance managers'. The paragraph has no data on it.

Option B, although not a great answer option, is the one that can be eliminated the last, after the other D options have been eliminated. On closer examination, one can observe that option B completes the paragraph with some continuity.

Hence, the correct answer is option B.