For economists,substitutes for laboratory experiments often come in the form of
A)natural experiments offered by history.
B)untested theories.
C)"rules of thumb" and other such conveniences.
D)reliance upon the wisdom of elders in the economics profession.

Question

Quizplus · Accepted Answer

Natural experiments offered by history are often used by economists as substitutes for laboratory experiments as they provide real-world situations that can be observed and analyzed. These natural experiments can provide valuable insights into economic behavior and allow economists to test their theories and models in a more realistic setting.

For Economists,substitutes for Laboratory Experiments Often Come in the Form