Economics employs a scientific methodology.In part, this means that
A)all economic laws have been proven true by laboratory tests
B)there is a single economic theory accepted by all economists
C)economic hypotheses are tested to determine their validity
D)personal values never enter into economic policy recommendations
E)assumptions are not necessary in economic science

Question

Quizplus · Accepted Answer

Economics employs a scientific methodology by testing economic hypotheses to determine their validity. This means that economic theories and policies are not simply based on personal values or assumptions, but rather on empirical evidence and rigorous testing. It is important to note that there is no single economic theory accepted by all economists, as different schools of thought exist within the field.

Economics Employs a Scientific Methodology