The Reason Why Economists Do Not Use Experimental Data More

question 7

Multiple Choice

The reason why economists do not use experimental data more frequently is for all of the following reasons except that real-world experiments

• A)cannot be executed in economics.
• B)with humans are difficult to administer.
• C)are often unethical.
• D)have flaws relative to ideal randomized controlled experiments.

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Definitions:

Alcohol

A chemical substance, ethyl alcohol or ethanol, found in drinks such as beer, wine, and spirits, that can alter consciousness and is often used socially.

Tobacco

A plant whose leaves are dried and processed for smoking, chewing, or snuffing, known for its addictive properties.

Commit Crime

Engaging in actions that violate legal statutes.

Societal Reaction

Refers to the way society responds to certain behaviors or actions, influencing individuals' self-concept and actions.