Author Question: The scientific method refers to the process by which economists and other scientists: A) plot ... (Read 71 times)

ashley

  • Hero Member
  • *****
  • Posts: 584
The scientific method refers to the process by which economists and other scientists:
 
  A) plot graphs to illustrate relationships between different economic variables.
  B) develop models of the world and test those models with data.
  C) develop models to explain the past but not to predict the future.
  D) collect data for further use in research.

Question 2

If the dollar appreciates and foreign goods become less expensive, the total planned expenditures on domestic goods and services will
 
  A) increase due to the open economy effect. B) fall due to the interest rate effect.
  C) fall due to the open economy effect. D) increase due to the interest rate effect.


patma1981

  • Sr. Member
  • ****
  • Posts: 292
Answer to Question 1

B

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

Hippocrates noted that blood separates into four differently colored liquids when removed from the body and examined: a pure red liquid mixed with white liquid material with a yellow-colored froth at the top and a black substance that settles underneath; he named these the four humors (for blood, phlegm, yellow bile, and black bile).

For a complete list of videos, visit our video library