Author Question: Why is economics called an empirical science? A) because economics has been used to both create ... (Read 119 times)

Pineappleeh · **on:** Jun 29, 2018

Why is economics called an empirical science?

A) because economics has been used to both create and destroy empires
B) because economics uses impressions to evaluate the usefulness of its models
C) because economics relies on real-world data to determine the usefulness of a model
D) because economics utilizes intuition rather than data to evaluate a model's worth

Question 2

For all employee earnings subject to Social Security taxes, what is the current Social Security tax rate for employers?

A) 0.8
B) 2.9
C) 4.2
D) 6.2