Which of the Following Is One Difficulty Economists Face That

question 187

Multiple Choice

Which of the following is one difficulty economists face that some other scientists do not?

• A)Unlike other sciences, economic studies must include the largest economic player, the government.
• B)Economists unfortunately receive less government funding than other scientists.
• C)Corporations are reluctant to disclose necessary information for economic research.
• D)Experiments are often difficult to conduct in economics.

---

Definitions:

Physical Count

The actual counting of inventory items, typically performed at the end of an accounting period to verify records.

Revenue Recognition Principle

A rule in accounting that outlines the exact circumstances in which income is considered as earned and documented.

Adjusted Trial Balance

A statement that lists all accounts and their balances after adjusting entries are made, ensuring the total debits equal total credits.

Debit

An accounting entry that increases asset or expense accounts, and decreases liability, equity, or revenue accounts.