Economists devise theories, collect data, and then analyze these data in an attempt to verify or refute their theories.

Name: Economists devise theories, collect data, and then analyze these data in an attempt to verify or refute their theories.
Brand: Quizplus
Rating: 4.8 (29 reviews)

Question

Quizplus · Accepted Answer

Economists use theories as frameworks for understanding how economies function. They collect and analyze data to test these theories, aiming to verify their accuracy or identify the need for adjustments.

Economists Devise Theories, Collect Data, and Then Analyze These Data