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:

Mean

The arithmetic average of a set of numbers, calculated by dividing the sum of the values by the count of the values.

Population Mean

The average value of all elements in an entire population, representing a summary measure of the central tendency of the population.

Democrats

A member or supporter of the Democratic Party, one of the two major political parties in the United States.