Multiple Choice
Scientific attempts to describe economic relationships are :
A) factual and can never be wrong
B) accurate ways to predict political viewpoints
C) known as positive economics
D) directed at the fairness of social programs
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Which of the following is an example
Q2: Inductive method which also called empirical method
Q3: Knowledge used to combine resources productively is
Q4: Economic efficiency for the entire economy requires
Q6: The method consistsin deriving conclusionsfrom general truths,
Q7: Who defined economics as: a science which
Q8: Theories are:<br>A)much more complicated than common sense<br>B)scientific
Q9: Milton Friedman restated the :<br>A)labour theory<br>B)profit theory<br>C)quantity
Q10: If the value of a variable varies
Q11: Adam Smith, the father of modern economic