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Makiah Bouchee
on Nov 11, 2024

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Which of the following is not a part of the scientific method in economics?

A) Normative statements
B) Comparing predictions to evidence
C) Formulating a hypothesis
D) A hypothesis
E) Behavioral assumptions

Normative Statements

Assertions about how the world ought to be, incorporating values and judgments rather than just factual claims.

Scientific Method

A systematic approach to research where a problem is identified, relevant data is gathered, a hypothesis is formulated from these data, and the hypothesis is empirically tested.

Economic

Pertains to the production, distribution, and consumption of goods and services, and the analysis of behaviors and decisions related to these processes.

  • Grasp the scientific method's application in economics, including hypotheses and predictions.
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Alexa ReynoldsNov 17, 2024
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