The scientific method is most consistent with
A) Normative economic analysis
B) Positive economic analysis
C) Market analysis
D) Subjective judgment

Question

Quizplus · Accepted Answer

The scientific method emphasizes observation, hypothesis testing, and empirical evidence. As such, it is most consistent with positive economic analysis, which seeks to describe and explain economic phenomena using data and objective analysis. Normative economic analysis, on the other hand, involves making value judgments and subjective assessments, which are not as compatible with the scientific method. Market analysis may involve both positive and normative considerations, depending on the specific approach taken. Subjective judgment is not consistent with the scientific method, which relies on objective and systematic inquiry.

The Scientific Method Is Most Consistent with