Economics Is Different from a "Hard" Science Like Physics Because

question 138

Multiple Choice

Economics is different from a "hard" science like physics because:

• A)economists abstract from reality in creating their theories.
• B)economics is easier to study than physics.
• C)economists must explain their theories to policy makers who lack formal mathematical training.
• D)economists cannot easily control all the variables that might influence human behavior.
• E)research in economics is primarily conducted in a very "social" way via interviews of consumers and corporate leaders.

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Definitions:

Social Disapproval

The negative evaluation of an individual or group by others, often leading to exclusion or rejection.

Self-Categorisation

The cognitive process in which individuals classify themselves as members of certain social groups or categories, influencing their behavior and self-perception.

Group Norm

An unwritten rule or standard of behavior shared by members of a group that guides conduct and expectations within the group.

Assimilation

The process by which a person or a group's language and/or culture come to resemble those of another group.