Which of the following statements is NOT correct?
A)Exposing them to empirical evidence can best test positive statements.
B)Economic statements cannot be tested because human decisions involve free will.
C)Economists test their theories by confronting the predictions of their theories with the evidence drawn from the real world.
D)Economic predictions will be fulfilled when their underlying hypotheses conform to actual human behaviour.
E)Normative statements cannot be tested by the scientific method.

Question

Quizplus · Accepted Answer

This statement is not correct because economic statements can be tested using empirical evidence, even though human decisions involve free will. While human decisions may be unpredictable, economists can analyze patterns in behavior and use empirical evidence to test their theories.

Which of the Following Statements Is NOT Correct