When two variables repeatedly change at the same time, there must be a causal relationship between them.
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Q24: Normative analysis focuses on statements that can
Q25: Which of the following forces us to
Q26: Scarcity exists for those with
A)lower incomes.
B)average incomes.
C)higher
Q27: Most disagreements among economists stem from normative
Q28: A good economic theory, or model, weeds
Q30: Scarcity is the result of:
A)government decision making.
B)inappropriate
Q31: The fallacy of composition states that even
Q32: A hypothesis is a normative statement.
Q33: To be a positive economic statement, an
Q34: Economic models are of limited use since
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