Measuring important concepts in economics is difficult and some important economic phenomena are still beyond the understanding of economists.Thus economics is called a(n):
A)complex science.
B)social science.
C)inexact science.
D)hard science.

Question

Quizplus · Accepted Answer

Economics is considered an inexact science because it relies on data that can be difficult to measure, and because there are many variables that can affect economic outcomes. Additionally, there are many economic phenomena, such as the global financial crisis of 2008, that are still not fully understood by economists.

Measuring Important Concepts in Economics Is Difficult and Some Important