Which expression below matches most closely the way economists go about testing their models?
A) "Consistency is the hobgoblin of small minds."
B) "Seeing the results is the only way to know if you are right."
C) "A bird in the hand is worth two in the bush."
D) "In the long run, we are all dead."

Question

Quizplus · Accepted Answer

Economists typically test their models by using data to see if the predictions made by the models match up with reality. This aligns with the idea that "seeing the results is the only way to know if you are right."

Which Expression Below Matches Most Closely the Way Economists Go