Where do the most common data for testing economic theories come from?
A) carefully controlled and conducted laboratory experiments
B) governments and large corporations
C) historical episodes of economic change
D) centrally planned economies

Question

Quizplus · Accepted Answer

The most common data for testing economic theories come from historical episodes of economic change. This is because it is difficult to conduct laboratory experiments in economics due to ethical and logistical constraints, and data from governments and large corporations may not always be representative of the overall economy. Central planned economies are not common anymore, so data from them are not as useful.

Where Do the Most Common Data for Testing Economic Theories