Which Statement Best Describes the Way Economists Study the Economy

question 8

Multiple Choice

Which statement best describes the way economists study the economy?

• A) Economists study the past, but do not try to predict the future.
• B) Economists use a probabilistic approach based on correlations between economic events.
• C) Economists devise theories, collect data, and then analyze the data to test the theories.
• D) Economists use controlled experiments much the same way a biologist or physicist does.

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