Multiple Choice
A common approach that economists use to understand, explain and predict economic phenomena is to
A) form a theory or model.
B) conduct experiments in a science lab.
C) ask what people think.
D) examine people's thought processes.
Correct Answer:
Verified
Correct Answer:
Verified
Q233: Macroeconomics would be concerned with<br>A) implications of
Q234: Which of the following is an example
Q235: Jose is rational if he<br>A) does not
Q236: During the Middle Ages, heretics were often
Q237: _ are the things that are used
Q239: Both the social sciences and the natural
Q240: Economics is the study of<br>A) the allocation
Q241: Economists assume people behave<br>A) instinctively.<br>B) rationally.<br>C) irrationally.<br>D)
Q242: Distinguish between macroeconomics and microeconomics.
Q243: One reason why economists often use models