Which of the Following Is a Correct Statement

question 146

Multiple Choice

Which of the following is a correct statement?

• A) Economic concepts or laws that are valid during recessions are necessarily valid during prosperity.
• B) Although they are generalizations, economic laws are useful because they allow us to predict and therefore influence or adjust to events.
• C) Economists use the scientific method. Therefore, economic laws are as quantitatively precise as the laws of physics or chemistry.
• D) Because economics is primarily concerned with questions of "ought," it is a branch of applied ethics and not scientific.

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Definitions:

Relative Frequency

The ratio of the number of times a particular event or value occurs to the total number of occurrences.

Online Text

Written content available on the internet, accessible through devices connected to the web.

Legends

Explanatory lists of symbols or colors used in charts, maps, or diagrams to help interpret data visualizations.

Series Of Data

A sequence of data points, typically measured and collected over intervals of time.