Why Is Economics Called an Empirical Science

question 130

Multiple Choice

Why is economics called an empirical science?

• A)because economics has been used to both create and destroy empires
• B)because economics uses impressions to evaluate the usefulness of its models
• C)because economics relies on real-world data to determine the usefulness of a model
• D)because economics utilizes intuition rather than data to evaluate a model's worth

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Definitions:

Parental Monitoring

The actions taken by parents to be aware of their children's activities, peers, and whereabouts to guide their behavior.

Psychological Control

A form of manipulation that aims to influence or control another's behavior through psychological means rather than through direct coercion.

Depression Rates

Depression rates refer to the prevalence or incidence of depression symptoms or diagnoses within a given population during a specified time period.