Explain why it is important to uncover causal relationships


Explain why it is important to uncover causal relationships for policy analysis. Also explain the causal methods of regression, difference-in-difference and random assignment. You should incorporate an example to help explain the concepts.

The audience for this assignment should be your parents (assuming that they are not social science researchers). In other words, write for someone with no background in economics.

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Microeconomics: Explain why it is important to uncover causal relationships
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