Explain whether it is acceptable for different economists to arrive at different conclusions using the same...

 

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Explain whether it is acceptable for different economists to arrive at different conclusions using the same data. (1 point) O It is not acceptable. There is only one truth to how economies function, and economists should be able to discern this one truth. O It is acceptable. The main reason for this is that economic data relies on samples and imperfect data collection, and economists use different statistical methods of accounting for this. O It is only acceptable when economists are making predictions about the future: economists should reach the same conclusions in assessing the past since all information about the past is available. O It is acceptable. The main reason for this is that society does not know which economic theories work best and different schools of economic thought rely on different understandings of behavior. Explain whether it is acceptable for different economists to arrive at different conclusions using the same data. (1 point) O It is not acceptable. There is only one truth to how economies function, and economists should be able to discern this one truth. O It is acceptable. The main reason for this is that economic data relies on samples and imperfect data collection, and economists use different statistical methods of accounting for this. O It is only acceptable when economists are making predictions about the future: economists should reach the same conclusions in assessing the past since all information about the past is available. O It is acceptable. The main reason for this is that society does not know which economic theories work best and different schools of economic thought rely on different understandings of behavior.

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The detailed answer for the above question is provided below d It is acceptable The main reason f... View the full answer