It Is Difficult for Economists to Make Observations and Develop

question 133

True/False

It is difficult for economists to make observations and develop theories, but it is easy for economists to run experiments to generate data to test their theories.

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Definitions:

Permanent Change

An alteration or modification that is lasting and not reversible.

Learning

A process that involves acquiring knowledge, behaviors, skills, values, or preferences through study, experience, or teaching.

Generalization

In psychology, generalization is the process by which an organism responds in the same way to different but similar stimuli.

Discrimination

Involves unjust or prejudicial treatment towards individuals or groups based on characteristics such as race, age, or sex.