Economists Have Difficulty Applying the Scientific Method Because

question 293

Multiple Choice

Economists have difficulty applying the scientific method because

• A) economics has a short history.
• B) the scientific method does not really apply to economics.
• C) people are the focus of economics, and their behavior is highly predictable.
• D) controlled laboratory experiments in economics are often not feasible.

---

Definitions:

Liability

Being under a legal obligation to answer for something, especially with respect to owing money or fulfilling legal requirements.

Mortgage Interest Rates

The cost of borrowing money expressed as a percentage of the total amount of the loan, applied to mortgages.

NSF Charges

Non-Sufficient Funds (NSF) charges are fees charged when a transaction is attempted on an account without adequate funds to cover it.

Legal Rights

Refers to the entitlements granted by legal systems or societal norms to individuals or entities, encompassing freedoms, privileges, and protections under law.