Question 1
The scientific approach to economic inquiry involves
◦ testing the predictions with empirical data.
◦ testing the reality of the assumptions of the model.
◦ using only independent variables.
◦ using only endogenous variables in economic models.
◦ choosing data that will support the predictions.
Question 2
Economics is scientific because
◦ individual behaviour is predictable.
◦ economists test hypotheses by appealing to empirical evidence.
◦ economists use data.
◦ economists routinely conduct controlled experiments.
◦ economists routinely conduct laboratory experiments.
economics
Economics question
Economics question
Economics question
Economics question
Economics question