To Argue That Economics Is the Only Science Not Used

question 18

Multiple Choice

To argue that economics is the only science not used objectively is

• A)true because only economics engages in politically controversial issues.
• B)false because other sciences besides economics engage in politically controversial issues.
• C)true because all other sciences use controlled experiments.
• D)false because one's reasoning is either correct or incorrect.
• E)false because none of the other sciences use controlled experiments.

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Definitions:

Productivity

The measure of how efficiently goods and services are produced, often evaluated as output per unit of input.

Standard Of Living

The level of wealth, comfort, material goods, and necessities available to a person, family, or group in a society.

Long Run

A period sufficient for all adjustments to be made, including prices, wages, and resource allocations, in response to economic conditions.

Industrial Policy

Strategies employed by a government to boost the economic growth of its industrial sectors.