The Process by Which Economists Test Hypotheses Against Facts to Develop

question 319

Multiple Choice

The process by which economists test hypotheses against facts to develop theories, principles, and models is called

• A) the economic perspective.
• B) the scientific method.
• C) policy economics.
• D) microeconomics.

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Definitions:

Traffic Ticket

A notice issued by law enforcement to a motorist or pedestrian for violating traffic laws.

Hostile Comments

Negative or aggressive remarks directed towards a person, often intended to hurt or offend.

Displacement

In psychoanalytic theory, a defense mechanism involving the transfer of an unwanted feeling or thought from one object or person to another that is less threatening.

Earlier Stage

A phase or period that takes place at the beginning of a process or sequence.