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Using the Scientific Method to Approach an Economic Issue Involves

Question 8

Multiple Choice

Using the scientific method to approach an economic issue involves


A) formulating normative statements about it.
B) considering stock and flow variables.
C) finding the correct data to validate the theory.
D) building a theory to explain the issue and then determining if the theory can be refuted by evidence.
E) the use of controlled experiments to confirm the evidence presented by the data.

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