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:

Behaviorism

A psychological approach that emphasizes the study of observable behaviors rather than internal mental states, and the effects of environmental stimuli on those behaviors.

Animal Intelligence

The capacity of animals to process information, learn from experience, solve problems, and adapt to their environments.

Vertebrates

Animals with a backbone or spinal column, including mammals, birds, reptiles, amphibians, and fish.

Invertebrates

Animals that lack a vertebral column, or backbone, including species such as insects, mollusks, and crustaceans.