Where Do the Most Common Data for Testing Economic Theories

question 226

Multiple Choice

Where do the most common data for testing economic theories come from?

• A) carefully controlled and conducted laboratory experiments
• B) governments and large corporations
• C) historical episodes of economic change
• D) centrally planned economies

---

Definitions:

Mischievously

In a manner that is playfully naughty or troublesome, often causing minor harm or irritation.

Altruistic Punishment

The finding that people will sometimes sacrifice their own gain for the betterment of all, by punishing people who cheat the system

Tradeoff

The balance achieved between two desirable but incompatible features; a compromise.

Prosocial Behavior

Actions intended to benefit others, including helping, sharing, donating, co-operating, and volunteering.