An Approach to Economics That Applies Statistical Techniques and Data

question 239

Multiple Choice

An approach to economics that applies statistical techniques and data to economic problems is called

• A) Ockham's razor.
• B) laissez-faire economics.
• C) empirical economics.
• D) normative economics.

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Definitions:

Counseling

A professional guidance process where individuals receive assistance in managing personal issues, making decisions, and coping with crises from a trained counselor.

Economic Disadvantage

A condition where individuals or communities have significantly lower income and less access to resources than the general population.

Break Confidentiality

The act of disclosing private information without consent, in violation of a confidentiality agreement or professional ethical standards.

Harm

Harm refers to physical injury, psychological trauma, or any other form of damage inflicted upon an individual or group.