Which of the following is not a part of the scientific method in economics?
A)normative statements
B)comparing predictions to evidence
C)formulating a hypothesis
D)a hypothesis
E)behavioral assumptions

Question

Quizplus · Accepted Answer

Normative statements are not part of the scientific method in economics because they are subjective and normative judgments about what should be rather than objective observations about what is. The scientific method in economics involves formulating a hypothesis (D), making behavioral assumptions (E), testing the hypothesis by comparing predictions to evidence (B), and revising or refining the hypothesis based on the evidence.

Which of the Following Is Not a Part of the Scientific