What happens when economists test theories?
A) They must make do with whatever data the world gives them.
B) They can manipulate conditions easier than other scientific fields.
C) They can enlist the government's help to manipulate economic conditions.
D) They can achieve statistically valid results with much smaller sample sizes.

Question

Quizplus · Accepted Answer

Economists cannot manipulate conditions as easily as other scientific fields, and they cannot enlist the government's help to manipulate economic conditions either. They must rely on whatever data is available to them, and their experiments often involve observing changes in economic conditions or policies that occur naturally. While they may be able to achieve statistically valid results with smaller sample sizes than in other fields, they still face many challenges in conducting experiments and testing theories in the complex and constantly changing world of economics.

What Happens When Economists Test Theories