An economic hypothesis:
A)can be tested using empirical analysis.
B)can be tested using normative analysis.
C)cannot be tested since it is normative in nature.
D)cannot be tested since it is a positive economic statement.

Question

An economic hypothesis:
A)​can be tested using empirical analysis.
B)​can be tested using normative analysis.
C)​cannot be tested since it is normative in nature.
D)​cannot be tested since it is a positive economic statement.

Quizplus · Accepted Answer

An economic hypothesis can be tested using empirical analysis, which involves collecting and analyzing relevant data to determine the validity of the hypothesis. This type of analysis is based on observable facts and can provide evidence to support or reject a hypothesis.

An Economic Hypothesis