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Author Question: According to Malthus, if the standard of living is above subsistence: A) couples have more ... (Read 46 times)

ghost!

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on: Jun 30, 2018
According to Malthus, if the standard of living is above subsistence:
 
  A) couples have more children. B) consumption is more than savings.
  C) couples have fewer children. D) savings is more than consumption.

Question 2

What is meant by the term scientific method? What are the key components of the scientific method?
 
  What will be an ideal response?


Brenm

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

The scientific method is the name for the ongoing process that economists, social scientists, and natural scientists use to develop models of the world and test those models with data. The key components of the scientific method are:
a) Models: A simplified description, or representation, of reality.
b) Data: Facts, measurements, or statistics that describe the world.
c) Empirical evidence: A set of facts established by observation and measurement.
d) Hypothesis: Predictions that can be tested with data.


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