The scientific approach to economic inquiry involves
A)choosing data that will support the predictions.
B)using only endogenous variables in economic models.
C)testing the predictions with empirical data.
D)testing the reality of the assumptions of the model.
E)using only independent variables.

Question

Quizplus · Accepted Answer

The scientific approach to economic inquiry involves testing predictions with empirical data to validate or refute economic models and theories.

The Scientific Approach to Economic Inquiry Involves