The scientific method is:
A. not applicable to economics because economics deals with human beings.
B. also known as the economic perspective.
C. analysis that moves from broad generalizations called laws to theories and then to hypotheses.
D. used by economists and other social scientists, as well as by physical scientists and life scientists, to formulate and test hypotheses.
Ans: D. used by economists and other social scientists, as well as by physical scientists and life scientists, to formulate and test hypotheses.
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Indicate whether the statement is true or false
The Cochrane-Orcutt iterative method is
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a. True b. False
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