Economists tell stories:
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
Q88: The difference between a positive economic statement
Q89: Which of the following is an example
Q90: Step one in the scientific method is
Q91: The assumption of rational self-interest means that
Q94: "There should be less discrimination against the
Q95: The difference between positive economic statements and
Q98: Which of the following is an example
Q101: In an economic model of consumer behavior,
Q109: A hypothesis is
A)an assumption about behavior
B)a prediction
Q119: Economists believe that individuals respond in a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents