Economics Is an Empirical Science, Which Means That Economists

question 12

Multiple Choice

Economics is an empirical science, which means that economists

• A) look at evidence to see whether or not the model is applicable.
• B) test their models by utilizing unknown variables.
• C) do only laboratory experiments.
• D) refuse to test their models since the usefulness of a model is determined by whether it is logical or not.

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Definitions:

Numbers Greater

In programming and mathematics, a comparison where values are evaluated to find those greater than a specified number.

<=200

A relational operator that means "less than or equal to 200," often used in programming and mathematical expressions to set conditions.

Less Than

A relational operator that compares two values, returning true if the first value is smaller than the second.

Not Equal To

A comparison operator used in programming and database queries to check if two values are different.