If an economist wanted to understand why people don't buy life insurance, he would want to use the deductive approach.

Question

Quizplus · Accepted Answer

The deductive approach involves making general statements and then testing them with specific evidence. In this case, the economist would start with the general statement that people don't buy life insurance and then test this statement with specific evidence, such as surveys or interviews.

If an Economist Wanted to Understand Why People Don't Buy