Tools Used by Economists Include

question 196

Multiple Choice

Tools used by economists include

• A)historical study.
• B)mathematical reasoning.
• C)statistical inference.
• D)All of the above are correct.

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Definitions:

Coefficient

A numerical or constant quantity placed before and multiplying the variable in an algebraic expression.

Independent Variable

A variable in an experiment or model that is manipulated or categorized to observe its effect on the dependent variable.

Dependent Variable

In an experimental setting, the variable being tested and measured, which is expected to change as a result of modifications to the independent variable.

Independent Variables

Variables in an experiment that are manipulated to determine if they cause a change in the dependent variable.