The method consistsin deriving conclusionsfrom general truths, takesfew general principles and applies them draw conclusions.
A) inductive
B) deductive
C) empirical
D) scientific
Correct Answer:
Verified
Q2: introduced the concept of welfare in the
Q3: Who defined economics as: a science which
Q4: The problem of scarcity and choice making
Q5: Macroeconomicsis primarily concerned with aggregates. Which of
Q6: Scientific attempts to describe economic relationships are
Q8: is a term referring to an intellectual
Q9: Inductive method which also called empirical method
Q10: Decisions made in households, firms, and government
Q11: Knowledge used to combine resources productively is
Q12: Economic efficiency for the entire economy requires
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