Which expression below matches most closely the way economists go about testing their models?
A) Consistency is the hobgoblin of small minds.
B) Seeing the results is the only way to know if you are right.
C) A bird in the hand is worth two in the bush.
D) In the long run we are all dead.
Question 2
Which of the following statements about taxation is TRUE?
A) Increasing taxes will always increase tax revenues.
B) Static tax analysis recognizes that an increase in taxation could lead to a decrease in tax revenues.
C) Dynamic tax analysis assumes that an increase in taxation will leave the tax base unchanged.
D) There is a tax rate at which tax revenues are maximized.
Some organisms used as models in genetic research
Living systems such as the human body consist of closely interrelated elements
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