Which of the Following Statements Is Correct

question 205

Multiple Choice

Which of the following statements is correct?

• A)Economists almost always find it easy to conduct experiments in order to test their theories.
• B)Economics is not a true science because economists are not usually allowed to conduct experiments to test their theories.
• C)Economics is a social science rather than a true science because it cannot employ the scientific method.
• D)Economists are usually not able to conduct experiments,so they must rely on natural experiments offered by history.

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Definitions:

Mass Affluent

A demographic group characterized by their substantial disposable income, though not wealthy enough to be considered rich by traditional standards.

Investable Assets

Financial assets or securities that individuals or institutions can purchase in order to generate returns.

Market Segmentation

The process of dividing a larger market into smaller groups, or market segments, based on meaningfully shared characteristics.

Marketing Resources

Various assets such as time, money, and human skills that a company allocates towards its marketing efforts.