The most common data for testing economic theories come from
A)carefully controlled and conducted laboratory experiments.
B)computer models of economies.
C)historical episodes of economic change.
D)centrally planned economies.

Question

Quizplus · Accepted Answer

Economic theories are often tested using historical episodes of economic change, as this allows researchers to observe and analyze the behavior of real-world economies in response to different conditions and policy interventions. Laboratory experiments and computer models can also be useful, but may not always accurately capture the complexity and unpredictable nature of real-world economies. Centrally planned economies are rare and often not representative of the types of economic systems that are studied in mainstream economic theory.

The Most Common Data for Testing Economic Theories Come from