Economists employ the scientific method.In part,this means that:
A)there is a single economic theory accepted by all economists.
B)economic hypotheses are tested to determine their validity.
C)all economic laws have been proven true by laboratory tests.
D)personal values never enter into economic policy recommendations.
E)assumptions are not necessary in economic science.

Question

Quizplus · Accepted Answer

The scientific method involves forming hypotheses and testing them through empirical evidence. This is the approach that economists take in order to develop and validate economic theories. Therefore, choice B is the best answer as it accurately reflects the scientific method in economics. Other choices, such as A, C, and D, are not true statements about the field of economics. Choice E is incorrect because assumptions are often necessary in economic theory-building, although economists do strive to make these assumptions as realistic as possible.

Economists Employ the Scientific Method.In Part,this Means That