Question

The process by which economists test hypotheses against facts to develop theories, principles, and models is called

A. the economic perspective.
B. the scientific method.
C.policy economics.
D.microeconomics.

Answer 1

The process by which economists test hypotheses against facts to develop theories, principles, and models is called the scientific method.

Step-by-step explanation:

The process by which economists test hypotheses against facts to develop theories, principles, and models is called the scientific method. Economists use economic theories or models as tools to determine answers to economic problems. These theories are not illustrations, but rather tools that help economists understand and analyze the economy.