Why Is Economics Called an Empirical Science

question 130

Multiple Choice

Why is economics called an empirical science?

• A)because economics has been used to both create and destroy empires
• B)because economics uses impressions to evaluate the usefulness of its models
• C)because economics relies on real-world data to determine the usefulness of a model
• D)because economics utilizes intuition rather than data to evaluate a model's worth

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Definitions:

Dual-Earner Couples

Households in which both partners have jobs and contribute to the family's income, a common economic arrangement in modern societies.

Multiple Roles

The concept of engaging in several distinct functions or social positions simultaneously.

Greater Resources

A term that refers to having more wealth, materials, or assets available for use or development.

Extramarital Sex

Sexual activities that occur outside of marriage.