Find out the correct statement:
A) prediction of economic models cannot be refuted by empirical evidence
B) models transform verbal expressions in to more scientific expressions
C) models make no assumptions
D) economic models are comprehensive and not partial
Correct Answer:
Verified
Q11: Who of the following emphasized the normative
Q12: Of the following economists who is considered
Q13: Which of the following statements has been
Q14: What is true for deductive method?
A)abstract
B)realistic
C)economic conditions
Q15: What is true for inductive method?
A)hypothetical
B)empirical
C)ignores experimentation
D)static
Q17: Micro economic theory studies how a free
Q18: Which aspect of taxation involves normative economics?
A)the
Q19: Microeconomics deals primarily with:
A)comparative statics, general equilibrium
Q20: Which of the following is incorrect?
A)microeconomics is
Q21: Which of the following statements is most
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