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Author Question: How is economic research similar to the research in other branches of ... (Read 76 times)

urbanoutfitters

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How is economic research similar to the research in other branches of science?

Question 2

One explanation for the status quo bias is an aversion to loss.
 a. True
  b. False
  Indicate whether the statement is true or false



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anoriega3

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Answer to Question 1

Economists use the same principles that guide the research in other branches of science like physics and chemistry. Economists combine their factual knowledge, data, and logic to build models and derive hypotheses from them that can be tested against reality.

Answer to Question 2

True



urbanoutfitters

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anoriega3

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