The ________ method consists in deriving conclusions from general truths, takes few general principles and applies them draw conclusions.
A) Inductive
B) Deductive
C) Empirical
D) Scientific
Correct Answer:
Verified
Q7: _ introduced the concept of welfare in
Q8: Who defined economics as: a science which
Q9: The problem of scarcity and choice making
Q10: Macroeconomics is primarily concerned with aggregates. Which
Q11: Scientific attempts to describe economic relationships are
Q13: _is a term referring to an intellectual
Q14: Inductive method which also called empirical method
Q15: Decisions made in households, firms, and government
Q16: Knowledge used to combine resources productively is
Q17: Economic efficiency for the entire economy requires
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