Business, 29.07.2019 12:30 Benjamincompton07

What is meant by saying that economics is an empirical science? a. economic theories will be tested by seeing how well they correspond to real-world phenomena. b. economic theories cannot be tested because there is no means of measuring economic variables with adequate precision. c. economic theories will be tested by seeing how well they correspond to people's declared preferences. d. economic theories cannot be tested because economic variables change too quickly?

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What is meant by saying that economics is an empirical science? a. economic theories will be tested...