Which of the following terms implies the least degree of confidence in an economic generalization?
A) hypothesis
B) theory
C) principle
D) law
Correct Answer:
Verified
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A) the decision to
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Q21: Suppose that a university decides to spend
Q22: The term "other things equal" means that
A)
Q23: Which of the following terms implies the
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Q26: An economic hypothesis
A) has the same meaning
Q27: In constructing models, economists
A) make simplifying assumptions.
B)
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Q29: Suppose an economist says that "other things
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