Economics Is Scientific Because

question 32

Multiple Choice

Economics is scientific because

• A)economists routinely conduct controlled experiments.
• B)individual behaviour is predictable.
• C)economists routinely conduct laboratory experiments.
• D)economists use data.
• E)economists test hypotheses by appealing to empirical evidence.

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Definitions:

Cumulative Preferred

Refers to preferred stock where dividends accumulate if not paid out, with these unpaid dividends required to be paid out before any dividends can be issued on common stock.

Treasury Stock

Shares that were issued and subsequently reacquired by the issuing company, reducing the amount of outstanding stock.

Income Statements

A financial statement that shows a company's revenues, expenses, and net income over a specific period, summarizing its financial performance.

Stock Dividends

Stock dividends are a form of dividend payment made by a corporation to its shareholders in additional shares of stock, instead of cash.