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Author Question: How is economic research similar to the research in other branches of ... (Read 70 times)

urbanoutfitters

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on: Jun 30, 2018
How is economic research similar to the research in other branches of science?

Question 2

One explanation for the status quo bias is an aversion to loss.
 a. True
  b. False
  Indicate whether the statement is true or false


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anoriega3

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Economists use the same principles that guide the research in other branches of science like physics and chemistry. Economists combine their factual knowledge, data, and logic to build models and derive hypotheses from them that can be tested against reality.

Answer to Question 2

True


urbanoutfitters

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Reply #2 on: Jun 30, 2018
Thank you :)


anoriega3

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Reply #3 on: Jun 30, 2018
Happy to help you


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