Why is the use of theory and observation more difficult in economics than in sciences,such as physics?
A) It is difficult to evaluate an economic experiment.
B) It is difficult to devise an economic experiment.
C) It is difficult to actually perform an experiment in an economic system.
D) It is difficult to collect sufficient data.
Correct Answer:
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Q5: When economists attempt to simplify the real
Q5: What is the goal of theories?
A) to
Q7: Why are historical episodes valuable to economists?
A)They
Q19: Sir Isaac Newton developed the theory of
Q19: If an economist develops a theory about
Q21: When studying the effects of public policy
Q22: Which of the following is an example
Q23: What makes a model compelling?
A)its mathematical structure
B)its
Q24: Which of the following best describes economic
Q34: What can good assumptions do?
A)cause economists to
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