Most economic theories have been developed and tested by using controlled experiments.
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Q5: In the circular-flow diagram, the only return
Q6: Understanding how an economic system works is
Q7: The production possibilities frontier illustrates that it
Q8: Factors of production are factors like labour,
Q9: In a circular-flow diagram, one loop shows
Q11: Economic models always attempt to include as
Q12: The art in scientific thinking is in
Q13: The difference between natural scientists and economists
Q14: Any point inside the production possibilities frontier
Q15: Both scientists and economists make assumptions to
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