Multiple Choice
Theories are:
A) much more complicated than common sense
B) scientific only if based on normative value judgments
C) proven if only a few unimportant exceptions exist
D) developed when we collect data, try to explain how things work, and then
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Knowledge used to combine resources productively is
Q4: Economic efficiency for the entire economy requires
Q5: Scientific attempts to describe economic relationships are
Q6: The method consistsin deriving conclusionsfrom general truths,
Q7: Who defined economics as: a science which
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
Q12: Which of the following concepts are most
Q13: Macroeconomicsis primarily concerned with aggregates. Which of