What Is Meant by Saying That Economics Is an Empirical

question 260

Multiple Choice

What is meant by saying that economics is an empirical science?

• A) Economic theories will be tested by seeing how well they correspond to people's declared preferences.
• B) Economic theories cannot be tested because there is no means of measuring economic variables with adequate precision.
• C) Economic theories cannot be tested because economic variables change too quickly.
• D) Economic theories will be tested by seeing how well they correspond to real-world phenomena.

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PATRIOT Act

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