Economics is an empirical science, which means that economists
A) must use laboratory experiments to test their theories.
B) evaluate a model or theory by whether its assumptions are consistent with the real world.
C) try to prove their models are true by referring to logic.
D) look for evidence to determine whether the model is useful or not.

Question

Quizplus · Accepted Answer

Economics, as an empirical science, relies on evidence and real-world data to evaluate the usefulness and validity of models and theories, rather than solely on logical consistency or controlled laboratory experiments.

Economics Is an Empirical Science, Which Means That Economists