Microeconomics

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All economic models must involve simplifications because a. economists would be unable to command ... Started by roselinechinyere27m	1 Replies 62 Views	Jul 1, 2018 by billybob123
An economic model is useful if it a. includes every detail of reality b. involves no unproven ... Started by Marty	1 Replies 15 Views	Jul 1, 2018 by ally
Economic theory a. expresses normative values b. invents imaginative and interesting stories c. ... Started by clmills979	1 Replies 20 Views	Jul 1, 2018 by raenoj
Which of the following is an accurate list, in order, of the steps of the scientific process? a. ... Started by theo	1 Replies 49 Views	Jul 1, 2018 by cegalasso
In an economic model of consumer behavior, rational self-interest would likely be a. a key variable ... Started by acc299	1 Replies 44 Views	Jul 1, 2018 by jlaineee
A hypothesis is a. an assumption about behavior b. a prediction of what will occur given certain ... Started by lindiwe	1 Replies 21 Views	Jul 1, 2018 by carojassy25
Which of the following statements about economic methodology is correct? a. An economic law is a ... Started by rachel9	1 Replies 19 Views	Jul 1, 2018 by meryzewe
The scientific method is useful a. only in fields of science such as chemistry and physics b. for ... Started by waynest	3 Replies 43 Views	Jul 1, 2018 by Brenm
Normative economic statements refer to what should be. a. True b. ... Started by newbem	1 Replies 29 Views	Jul 1, 2018 by ryansturges
An example of a positive economic statement is, An increase in the price of a product causes ... Started by sam.t96	1 Replies 14 Views	Jul 1, 2018 by kjo;oj
The difference between a positive economic statement and a normative statement is that a. a ... Started by olgavictoria	1 Replies 216 Views	Jul 1, 2018 by maya.nigrin17@yahoo.com
Economists tell stories a. in order to breathe life into economic theory and personalize abstract ... Started by folubunmi	1 Replies 38 Views	Jul 1, 2018 by coyin
Alicia makes the statement that everytime she eats chocolate, it gives her acne. By ignoring the ... Started by fbq8i	1 Replies 39 Views	Jul 1, 2018 by xoxo123
Environmentalists continually argue for the use of alternatives to fossil fuels for generating ... Started by brutforce	1 Replies 31 Views	Jul 1, 2018 by lgoldst9
Economic theory allows us to predict the behavior of a specific person or firm. a. True b. ... Started by Mr. Wonderful	1 Replies 17 Views	Jul 1, 2018 by mk6555
The fallacy of composition is the error of believing a cause-effect relationship exists between two ... Started by kwoodring	3 Replies 101 Views	Jul 1, 2018 by janeli
Secondary effects are consequences of economic actions that develop slowly over time as people react ... Started by genevieve1028	1 Replies 61 Views	Jul 1, 2018 by CharlieArnold
One might commit the fallacy of composition by concluding that a. statements that are true during ... Started by JMatthes	1 Replies 27 Views	Jul 1, 2018 by efwsefaw
A fallacy of composition is to assume that a. you can determine the composition of a complex ... Started by frankwu	1 Replies 84 Views	Jul 1, 2018 by yasmina
Someone who committed the association-is-causation fallacy might conclude that a. event B, which ... Started by Tirant22	1 Replies 52 Views	Jul 1, 2018 by makaylafy
Which of the following is the fundamental resource that is the basis of labor? a. capital b. ... Started by penza	1 Replies 26 Views	Jul 1, 2018 by cegalasso
In a circular-flow model, households supply all of the following except a. labor b. goods and ... Started by Mr. Wonderful	1 Replies 25 Views	Jul 1, 2018 by joshbk44
Most of the disagreement among economists involves normative debates. a. True b. ... Started by xclash	1 Replies 21 Views	Jul 1, 2018 by Andromeda18
Which of the following decisions lends itself to marginal analysis a. Whether Addison should attend ... Started by danielfitts88	3 Replies 19 Views	Jul 1, 2018 by mcabuhat
Sara is considering the purchase of a new car. Rational self-interest demands that she do an ... Started by itsmyluck	1 Replies 18 Views	Jul 1, 2018 by Viet Thy