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What Does It Mean to Say Economics Is an Empirical

question 106

Essay

What does it mean to say economics is an empirical science, and how is this related to the question of deciding on the usefulness of a model?


Definitions:

Gene Therapy

Correction of a detrimental mutation by the insertion of DNA sequences into the genome of a cell.

Cancer Treatment

Medical strategies and interventions, such as chemotherapy, radiation, and surgery, used to fight or manage cancer by killing or inhibiting tumor cells.

Immune System

System associated with protection against pathogens, toxins, and some cancerous cells. In humans, this is an organ system.

Protoplasts

Plant, bacterial, or fungal cells with the cell wall removed, leaving the plasma membrane, cytoplasm, and organelles intact.

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