Since natural experiments offered by history cannot be used in economics, carefully constructed laboratory experiments must be used.

Question

Quizplus · Accepted Answer

Natural experiments can be used in economics, but they are not always available or practical. However, economists often use quasi-experimental designs and econometric methods to estimate causal effects. While laboratory experiments are sometimes used, they are not always feasible or applicable to real-world situations.

Since Natural Experiments Offered by History Cannot Be Used in Economics