Economics is different from a "hard" science like physics because:
A) economists abstract from reality in creating their theories.
B) economics is easier to study than physics.
C) economists must explain their theories to policy makers who lack formal mathematical training.
D) economists cannot easily control all the variables that might influence human behavior.
Correct Answer:
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Q97: The branch of economics that focuses on
Q98: Microeconomic topics do not usually include:
A)the impact
Q99: The determination of prices in the market
Q100: Most of economic analysis assumes that most
Q101: In his book, The Wealth of Nations,
Q103: Economists need to develop abstractions in order
Q104: A person behaving rationally will:
A)never make mistakes.
B)make
Q105: A good economic theory:
A)includes every detail that
Q106: When economists use the term "ceteris paribus,"
Q107: Which of the following is correct?
A)"Theory" and
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