Asked by
Monique officialTV
on Nov 06, 2024Verified
The collection and use of data to test economic theories is
A) empirical economics.
B) descriptive economics.
C) normative economics.
D) positive economics.
Empirical Economics
The branch of economics that focuses on using data and statistical methods to analyze and test economic theories.
Economic Theories
The principles and models that aim to explain how economies work and how economic agents interact.
Descriptive Economics
The branch of economics that focuses on describing the economies or economic events.
- Understand the role and significance of econometrics within the field of economics.
Verified Answer
JN
Learning Objectives
- Understand the role and significance of econometrics within the field of economics.