Because it is difficult for economists to use experiments to generate data,they generally must
A)do without data.
B)substitute assumptions for data when data are unavailable.
C)rely upon hypothetical data that were previously concocted by other economists.
D)use whatever data the world gives them.

Question

Quizplus · Accepted Answer

Economists have to work with whatever data they can gather from the real world. While they may not be able to conduct controlled experiments, they can still analyze data that has been generated by natural events or previous studies. This data may not be perfect and may require adjustments, but it is still better than relying solely on assumptions or hypothetical data.

Because It Is Difficult for Economists to Use Experiments to Generate