Economics Is Scientific Because

question 20

Multiple Choice

Economics is scientific because

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

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Definitions:

Spruce Goose

The nickname for the Hughes H-4 Hercules, famously known as the largest wooden airplane ever constructed and flown only once.

Fixed in Supply

Pertains to goods or resources that have a limited or unchangeable quantity available, regardless of demand.

High-Speed Rail

A type of rail transport that operates significantly faster than traditional rail traffic, using specialized rolling stock and dedicated tracks.

Cost of Living

The amount of money needed to sustain a certain level of living, including basic expenses such as housing, food, taxes, and healthcare.