The Scientific Method Refers to the Process by Which Economists

question 6

Multiple Choice

The scientific method refers to the process by which economists and other scientists ________.

• A) collect data for further use in research
• B) develop models of the world and test those models with data
• C) develop models to explain the past but not to predict the future
• D) plot graphs to illustrate relationships between different economic variables

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Definitions:

Shared Values

Common beliefs, principles, or standards held by a group, organization, or society that guide behavior and decision-making.

Detailed Stories

Narratives or accounts that provide an in-depth and comprehensive description of events or experiences.

Independent Variable

The variable that is manipulated or changed in an experiment to see if it has an effect on another variable.

Dependent Variable

In research, it's the variable being tested and measured, assumed to be affected by the independent variable.