Multiple Choice
Which of the following is not a part of the scientific method in economics?
A) normative statements
B) comparing predictions to evidence
C) formulating a hypothesis
D) testing a hypothesis
E) behavioral assumptions
Correct Answer:

Verified
Correct Answer:
Verified
Q1: An entrepreneur:<br>A) always makes a profit.<br>B) is
Q24: An economic model will produce poor predictions
Q41: Goods and services are limited in supply
Q44: Entrepreneurial ability is rewarded by _.<br>A) profit<br>B)
Q73: A normative economic statement<br>A)is a hypothesis used
Q120: Rational choice takes time and requires information,
Q121: Exhibit 1.1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1006/.jpg" alt="Exhibit 1.1
Q153: The problem of scarce resources:<br>A) can be
Q174: Environmentalists have continually argued for the use
Q181: A good or service is considered scarce