For Economists, What Are Often Used as Substitutes for Laboratory

question 166

Multiple Choice

For economists, what are often used as substitutes for laboratory experiments?

• A) natural experiments offered by history
• B) computer-generated experiments
• C) studies conducted by other disciplines, such as sociologists
• D) well-constructed simulations

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Definitions:

Expertise

The skill or knowledge an individual has acquired in a specific field or subject through experience, education, or training.

Intrapersonal Intelligence

The ability of an individual to understand oneself, including one's emotions, motivations, and thoughts, leading to effective self-management and personal development.

Focusing Inward

Directing attention towards one's internal state, thoughts, and feelings, often as a method of self-reflection or personal development.

Personal Instincts

Natural or intuitive ways of acting or thinking that arise from one’s personal inclinations.