Economists use the scientific method and the tools of economics to study
A) only the decisions of individuals.
B) only the decisions of business firms.
C) only economic growth and gross domestic product (GDP).
D) only the production possibilities curve.
E) anything around them; the world is the economist's laboratory.

Question

Quizplus · Accepted Answer

Economists study a wide range of subjects, including individual and business decisions, economic growth and GDP, and production possibilities, but their field is not limited to these topics. The economist's laboratory is the world around them, and they use the scientific method and economic tools to study and understand various economic phenomena.

Economists Use the Scientific Method and the Tools of Economics