Economics is an empirical science,which means that economists
A) prove their models are true by referring to logic.
B) evaluate their models or theories by whether their assumptions are consistent with the real world.
C) have to use laboratory experiments to test their models at least some of the time.
D) look for evidence on whether their models are useful or not.
Correct Answer:
Verified
Q103: Positive economic analysis is said to be
A)true.
B)value
Q104: Economics is an empirical science because
A)economic analysis
Q105: If competing models are offered to explain
Q106: Successful models in any science must
A)be able
Q107: Economic models deal with
A)people's behaviour in responding
Q109: "If A occurs then B will be
Q110: To be useful,an economic model must
A)predict accurately
Q111: The usefulness of a model is determined
Q112: The economic model of crime
A)is not scientific
Q113: In economics,normative statements
A)do not use the ceteris
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents