Economics Differs from Some of the Natural Sciences Like Physics

question 72

Multiple Choice

Economics differs from some of the natural sciences like physics because:

• A)experimentation is difficult to perform on an economic system where the researcher is unable to control for the influence of many of the variables
• B)it is difficult to evaluate the results of an economic experiment
• C)physicists get much larger research grants than economists
• D)economists don't have economic laws to test

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Definitions:

Drawee Bank

Drawee bank refers to the bank upon which a check or draft is drawn, responsible for paying the specified amount of money to the entity presenting the check for payment.

Payor Bank

A bank that is responsible for paying the check or draft drawn on the funds deposited in an account.

Unauthorized Signatures

Signatures made without the proper permission or authority, potentially voiding or bringing into question the validity of the document signed.

Alterations

Changes or modifications made to documents, clothing, property, or other objects, often requiring consent or agreement when concerning legal or contractual matters.