What is true for deductive method?
A) Abstract
B) Realistic
C) Economic conditions assumed to be changing
D) Supported by historical school.
Correct Answer:
Verified
Q6: Production possibilities curve does not show:
A)What to
Q7: State whether Economics is :
A)A positive science
Q8: Who of the following emphasized the normative
Q9: Of the following economists who is considered
Q10: Which of the following statements has been
Q12: What is true for inductive method?
A)Hypothetical
B)Empirical
C)Ignores experimentation
D)Static
Q13: Find out the correct statement:
A)Prediction of economic
Q14: Micro economic theory studies how a free
Q15: Which aspect of taxation involves normative economics?
A)The
Q16: Microeconomics deals primarily with:
A)Comparative statics, general equilibrium
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