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Author Question: Economic growth may understate changes in standards of living if A) the growth is accompanied by ... (Read 124 times)

Starlight

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on: Jun 29, 2018
Economic growth may understate changes in standards of living if
 
  A) the growth is accompanied by increasing congestion.
  B) leisure time is also increasing.
  C) the types of jobs generated feelings of alienation.
  D) deflation is taking place.

Question 2

Economics is an empirical science, which means that economists
 
  A) must use laboratory experiments to test their theories.
  B) evaluate a model or theory by whether its assumptions are consistent with the real world.
  C) try to prove their models are true by referring to logic.
  D) look for evidence to determine whether the model is useful or not.


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Jevvish

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Starlight

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Reply #2 on: Jun 29, 2018
Thank you :)


Jevvish

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Reply #3 on: Jun 29, 2018
Happy to help you


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