The scientific method refers to the process by which economists and other scientists ________.
A) collect data for further use in research
B) develop models of the world and test those models with data
C) develop models to explain the past but not to predict the future
D) plot graphs to illustrate relationships between different economic variables

Question

Quizplus · Accepted Answer

The scientific method involves formulating and testing hypotheses using empirical observations and data. Economists and other scientists use this method to develop models of the world and test those models with real-world data. Option A is only a part of the scientific method, and options C and D are not entirely accurate descriptions of the scientific method.

The Scientific Method Refers to the Process by Which Economists