Multiple Choice
Economists tell stories -- like the vending machine story --
A) in order to breathe life into economic theory and personalize abstract ideas
B) because economics is an art, not a science
C) as a way of rigorously testing economic theory
D) because doing so is a required part of the scientific method
E) to show how their theory can predict at least one real-world situation
Correct Answer:
Verified
Correct Answer:
Verified
Q69: A marginal adjustment only refers to a
Q70: As a scientist, an economist's main professional
Q71: Which of the following is the fundamental
Q72: Economics is best defined as the study
Q73: A normative economic statement<br>A)is a hypothesis used
Q75: The resource identified as land would include<br>A)the
Q76: In economics, marginal means<br>A)incremental or decremental<br>B)unimportant<br>C)level or
Q77: The difference between positive economic statements and
Q78: The case study on Japanese vending machines
Q79: Most economists consider a theory a good