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 66 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

pratush dev

  • Member
  • Posts: 321
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Weber test: Place the base of the tuning fork on top of the client’s head. Weber test: Place the base of the tuning fork on top of the client’s head.
Amazing NASA Pictures Collection Amazing NASA Pictures Collection
Amazing NASA Pictures Collection Amazing NASA Pictures Collection
Checking gasoline for alcohol involves using a graduated cylinder and adding water to check if the ... Checking gasoline for alcohol involves using a graduated cylinder and adding water to check if the ...
Video: Fertilization and Development

For a complete list of videos, visit our video library