Suppose an economist develops a theory that higher food prices arise from higher gas prices.According to the scientific method,which of the following is the economist's next step?
A)Collect and analyze data.
B)Go to a laboratory and generate data to test the theory.
C)Publish the theory without testing it.
D)Consult with other economists to see they agree with the theory.

Question

Quizplus · Accepted Answer

The next step for the economist would be to collect and analyze data in order to test their theory. This step is crucial in the scientific method as it allows for empirical evidence to support or refute the theory. Going to a laboratory to generate data or publishing the theory without testing it would not provide the necessary evidence to assess the validity of the theory. Consulting with other economists may be helpful, but it is not sufficient on its own to test the theory.

Suppose an Economist Develops a Theory That Higher Food Prices