Why is prediction in social sciences like economics more difficult than in physical sciences?
The major reason for the difference is that the social scientists are concerned with human behavior. Human behavior is more variable and often less readily predictable than the behavior of experiments observed in a laboratory.
Economics
You might also like to view...
The above table shows answers given by people interviewed in a government survey of households. Which individuals are considered unemployed using the official U-3 unemployment rate?
A) A, B, and C B) B, C, and D C) A, C, and D D) C and D
Economics
Which of the following does NOT describe a function of money?
A) unit of account B) barter C) medium of exchange D) store of value
Economics