Economics is an empirical science because
A) economic analysis is only useful in a capitalistic society.
B) economic models have no predictive power.
C) economists use real-world evidence to test their models.
D) economists use assumptions in their models.
Correct Answer:
Verified
Q99: The term ceteris paribus means
A)all other things
Q100: A simplified representation of the real world
Q101: Which of the following is a normative
Q102: Which of the following is a positive
Q103: Positive economic analysis is said to be
A)true.
B)value
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
Q108: Economics is an empirical science,which means that
Q109: "If A occurs then B will be
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