In conducting their research, economists face an obstacle that not all scientists face; specifically, in economics, it is often impractical to a. find articles or books that were written before 1900. b. conduct laboratory experiments. c. rely upon the scientific method. d. make use of theory and observation.

Question

Business

Jakob Gill

4 March, 06:34

In conducting their research, economists face an obstacle that not all scientists face; specifically, in economics, it is often impractical to a. find articles or books that were written before 1900. b. conduct laboratory experiments. c. rely upon the scientific method. d. make use of theory and observation.

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Answers (1)

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Dominique Mercer · Answer 1

The correct answer is (B)

Explanation:

Economics is a study of the market and human behaviour. Economists usually use historical data, conduct interviews and surveys to find a pattern to predict and forecast. In economics, it is almost impractical to conduct laboratory experiments because laboratory experiments leave out various aspects of reality and leave out relevant variables. Furthermore, It is difficult to find a way to use a laboratory experiment to predict and forecast.