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Which of the following statements is (are) correct? a
Which of the following statements is (are) correct?
a. Relative to some other scientists, economists find it more difficult to conduct experiments.
b. Theory and observation are important in economics as well as in other sciences.
c. To obtain data, economists often rely upon the natural experiments offered by history.
d. All of the above are correct.
Expert Solution
Option d. (All of the above are correct) is correct.
This is a correct option because the theories of economic are not experimented in practical life rather they are based of historic experiments. Therefore, economists find it difficult to do experiments with the theories they developed. The study of economic majorly lies on the observation and theories of economic.
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