is a term referring to an intellectual controversy over epistemology, research methodology between Carl Menger, and Gustav von Schmoller.
A) methodenstreit
B) laissez-faire
C) cetris paribus
D) quid proquo
Correct Answer:
Verified
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
Q7: The method consistsin deriving conclusionsfrom general truths,
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
Q13: Theories are:
A)much more complicated than common sense
B)scientific
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