Economists Face an Obstacle That Many Other Scientists Do Not

question 242

Multiple Choice

Economists face an obstacle that many other scientists do not face.What is that obstacle?

• A) It is often difficult to formulate theories in economics.
• B) It is often difficult and sometimes impossible to perform experiments in economics.
• C) Economics cannot be addressed objectively; it must be addressed subjectively.
• D) The scientific method cannot be applied to the study of economics.

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Definitions:

Occurs

Refers to the happening or presence of an event, observation, or realization in a specific context or scenario.

Joint Probability

The probability of two events happening at the same time.

Intersection

The point or set of points where two or more geometric figures meet or cross.

Mutually Exclusive

Situations or events that cannot occur at the same time, meaning if one happens, the other cannot.