For Economists,substitutes for Laboratory Experiments Often Come in the Form

question 207

Multiple Choice

For economists,substitutes for laboratory experiments often come in the form of

• A)natural experiments offered by history.
• B)untested theories.
• C)"rules of thumb" and other such conveniences.
• D)reliance upon the wisdom of elders in the economics profession.

---

Definitions:

Action Limitations

Restrictive conditions that prevent individuals from performing tasks or activities to their full capacity.

Constituent Theories

The foundational theories or principles that make up a larger theoretical framework or system.

Presuppositions

Implicit assumptions or beliefs that are taken for granted without being explicitly stated or examined.

Central Ideas

The main points or underlying messages that are fundamental to understanding a particular topic or piece of work.