Which of the following statements is (are) correct?
| A. Relative to some other scientists, economists find it more difficult to conduct experiments. | | |
| B. To obtain data, economists often rely upon the natural experiments offered by history. | | |
| C. Theory and observation are important in economics as well as in other sciences. | | |
| D. All of the above are correct. | | |
D. All of the above are correct
Economics is a type of social science which is related to the income and wealth on which experiment is difficlut unlike other pure science where experiments can be done on animals, plants etc.
So economics is more related to business or economy which works in a particular cycle that sees recession and expansions that continue to follow trend or repeats. So in economics time history is important to check the direction and understand what will happen in the future.
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