Evaluating Economic Methodologies

Which of the following statements best exemplifies the approach of modern economics as a discipline grounded in factual evidence?

Analyzing Economic Descriptions

Evaluating Economic Arguments

Match each description of an economic inquiry to the methodological approach it represents.

A modern economic study concluding that international trade has increased global prosperity would be considered scientifically sound primarily because the conclusion is supported by the detailed, firsthand accounts of a few highly experienced international merchants.

An international team of researchers is studying the impact of a new agricultural technology on small-scale farms across several developing countries. Which of the following activities is most central to ensuring their study aligns with the principles of modern, evidence-based economic analysis?

A team of economists wants to study the impact of a new city-wide minimum wage law on employment levels. Arrange the following steps of their evidence-based investigation into the correct logical order.

Critiquing an Economic Conclusion

Assessing Economic Research Approaches