Because it is difficult for economists to use experiments to generate economic data, they:

Question

Quizplus · Accepted Answer

Since conducting experiments in economics is challenging due to ethical and practical reasons, economists rely on observational data generated by natural experiments or data collected through surveys, censuses, and statistical agencies. Hence, they use whatever data the world gives them to conduct their research and analysis. Options A, C, and D are incorrect as economists do not rely on these approaches to generate economic data.

Because It Is Difficult for Economists to Use Experiments to Generate