Question 1
A major advance in terms of how economists can test their theories, especially in settings where the policy change being examined is relatively simple, is called
◦ natural experiments.
◦ intuitive judgement.
◦ historical observation.
◦ randomized control trials.
◦ field data collection.
Question 2
Most economists believe that economic analysis ________ be made completely free of judgement, in part because it is ________ to absolutely refute a theory on the basis of factual evidence.
◦ can; impossible
◦ can; possible
◦ cannot; impossible
◦ will; necessary
◦ cannot; possible
economic question
economic question
economic question
economic question
GENETIC ANALYSIS
Parsimony Analysis