Why Is Economics Called an Empirical Science

question 130

Multiple Choice

Why is economics called an empirical science?

• A)because economics has been used to both create and destroy empires
• B)because economics uses impressions to evaluate the usefulness of its models
• C)because economics relies on real-world data to determine the usefulness of a model
• D)because economics utilizes intuition rather than data to evaluate a model's worth

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Definitions:

Independent

not influenced or controlled by others; acting autonomously.

Average Kinetic Energy

The mean energy possessed by the particles of a substance due to their random motions, directly related to temperature.

Kinetic-Molecular Theory

A theory that explains the behavior of gases, stating that gas particles are in constant motion and that this motion has consequences for properties like pressure, volume, and temperature.

Temperature

A measure of the average kinetic energy of the particles in a sample of matter, expressed in degrees Celsius, Fahrenheit, or Kelvin.