Which of the Following Statements Is Correct

question 205

Multiple Choice

Which of the following statements is correct?

• A)Economists almost always find it easy to conduct experiments in order to test their theories.
• B)Economics is not a true science because economists are not usually allowed to conduct experiments to test their theories.
• C)Economics is a social science rather than a true science because it cannot employ the scientific method.
• D)Economists are usually not able to conduct experiments,so they must rely on natural experiments offered by history.

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Definitions:

Future Value

The value of an investment or a sum of money projected to grow by a specific date, factoring in compound interest or returns.

Interest Rate

The percentage of a sum of money charged for its use, which can vary based on factors such as inflation, supply and demand of credit, and governmental policy.

Annual

Relating to a period of one calendar year, used to measure or describe events, reports, or statistics that occur or are accumulated yearly.

Bank Account

An account held at a financial institution that allows for the deposit and withdrawal of money.