This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What branch of economics involves the collection and use of data to test economic theories? Why is ... (Read 84 times)

ssal

  • Hero Member
  • *****
  • Posts: 572
on: Jun 29, 2018
What branch of economics involves the collection and use of data to test economic theories? Why is this task often more difficult in economics than it is in physical sciences?
 
  What will be an ideal response?

Question 2

Because new plastic and recycled plastic are substitutes, as the price of newly produced plastic increases,
 
  A) the demand curve for recycled plastic shifts to the left.
  B) there is a movement up along the demand curve for recycled plastic.
  C) there is a movement down along the demand curve for recycled plastic.
  D) the demand curve for recycled plastic shifts to the right.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dlook33

  • Sr. Member
  • ****
  • Posts: 344
Reply #1 on: Jun 29, 2018
Answer to Question 1

The branch of economics that involves the collection and use of data to test economic theories is called empirical economics. This is often more difficult in economics than in the physical sciences because economists rarely are able to set up controlled experiments.

Answer to Question 2

D


ssal

  • Member
  • Posts: 572
Reply 2 on: Jun 29, 2018
Wow, this really help

amcvicar

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Blastomycosis is often misdiagnosed, resulting in tragic outcomes. It is caused by a fungus living in moist soil, in wooded areas of the United States and Canada. If inhaled, the fungus can cause mild breathing problems that may worsen and cause serious illness and even death.

Moche Ocelot. 200 A.D. Larco Museum Collection Lima, Peru Moche Ocelot. 200 A.D. Larco Museum Collection Lima, Peru
Amazing NASA Pictures Collection Amazing NASA Pictures Collection
Trace showing the Inspection/Maintenance 240 test. The test duplicates an urban test loop around Los ... Trace showing the Inspection/Maintenance 240 test. The test duplicates an urban test loop around Los ...
Rinne test. Air conduction Rinne test. Air conduction
The Turing Test The Turing Test
economic question economic question
Video: Glucose anabolism reactions: Glycogenolysis and Gluconeogenesis

For a complete list of videos, visit our video library