Which of the Following Is Not a Part of the Scientific

question 67

Multiple Choice

Which of the following is not a part of the scientific method in economics?

• A)normative statements
• B)comparing predictions to evidence
• C)formulating a hypothesis
• D)a hypothesis
• E)behavioral assumptions

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Definitions:

Consideration

The value, typically expressed in monetary terms, given in exchange for goods, services, or for entering into a contract.

Control

The power to direct the financial and operating policies of an entity with a view to gaining economic benefits from its activities.

Unconditional Contract

An agreement whose execution does not depend on fulfilling any conditions; it is binding upon the parties as soon as it is signed.

Physical Substance

The tangible, material aspect of an asset, referring to its physical existence and properties.