Question

Jan 24, 2020 11:30 05 PM Question 4 Suppose an economist develops a theory that higher gas prices lead people to take more local vacations According to the scientific method, which of the following is the economist's next step? Devise another theory that contradicts the initial one Publish the theory as is Collect and analyze data Gather up support from other economists who agree with the theory

Answer 1

Collect and analyze data.

When economists develop a theory then next step for economists would be to collect the data and analyze it whether developed theory is correct or not.