Why Is the Use of Theory and Observation More Difficult

question 211

Multiple Choice

Why is the use of theory and observation more difficult in economics than in sciences, such as physics?

• A) It is difficult to evaluate an economic experiment.
• B) It is difficult to devise an economic experiment.
• C) It is difficult to actually perform an experiment in an economic system.
• D) It is difficult to find participants for an economics experiment.

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Definitions:

Strategic Aims

Long-term goals that an organization or individual plans to achieve, which guide decision-making and direction.

Western Hemisphere

The half of the Earth that lies west of the Prime Meridian (which crosses Greenwich, London) and east of the antimeridian, including the Americas, the western portions of Europe and Africa, and the eastern portion of the Pacific Ocean.

Slaves

Individuals forced into servitude, deprived of personal freedom and the right to own property, often under harsh conditions.

Freedom

The condition or right of being able or allowed to do, say, think, or pursue life activities without undue restraint or oppression; it is a fundamental human right and a cornerstone of democratic societies.