Which Statement Best Describes the Way Economists Study the Economy

question 8

Multiple Choice

Which statement best describes the way economists study the economy?

• A) Economists study the past, but do not try to predict the future.
• B) Economists use a probabilistic approach based on correlations between economic events.
• C) Economists devise theories, collect data, and then analyze the data to test the theories.
• D) Economists use controlled experiments much the same way a biologist or physicist does.

---

Definitions:

Plasticity

The brain's ability to change and adapt as a result of experience, including the formation of new neuronal connections.

Development

The process of growth or progression through a sequence of physical, psychological, or emotional changes.

Biology

The scholarly examination of organisms that are alive and how they interact with one another and their surrounding habitats.

Developmentalists

Researchers and professionals who study the pattern of growth and change that occurs throughout the human lifespan, from birth to death.