Inductive method which also called empirical method was adopted by the:
A) Marginalist school
B) Mercantilists
C) Physiocrats
D) Historical School of Economists
Correct Answer:
Verified
Q9: The problem of scarcity and choice making
Q10: Macroeconomics is primarily concerned with aggregates. Which
Q11: Scientific attempts to describe economic relationships are
Q12: The _ method consists in deriving conclusions
Q13: _is a term referring to an intellectual
Q15: Decisions made in households, firms, and government
Q16: Knowledge used to combine resources productively is
Q17: Economic efficiency for the entire economy requires
Q18: Theories are:
A)Much more complicated than common sense
B)Scientific
Q19: Division of Labour is limited by the
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