Multiple Choice
Find out the correct statement:
A) Prediction of economic models cannot be refuted by empirical evidence
B) Models transform verbal expressions in to more scientific expressions
C) Models make no assumptions
D) Economic models are comprehensive and not partial
Correct Answer:
Verified
Correct Answer:
Verified
Q10: Who of the following emphasized the normative
Q11: The first economist who coined the terms
Q12: Which aspect of taxation involves normative economics?<br>A)The
Q13: Which of the following embodies a more
Q14: Microeconomics deals with:<br>A)The theory of factor pricing<br>B)The
Q16: Microeconomics deals primarily with:<br>A)Comparative statics, general equilibrium
Q17: What is true for inductive method?<br>A)Hypothetical<br>B)Empirical<br>C)Ignores experimentation<br>D)Static
Q18: The word micro was first used in
Q19: State whether Economics is :<br>A)A positive science
Q20: Which of the following definitions of Economics