This topic contains a solution. Click here to go to the answer

Author Question: Which of the following statements about economic methodology is correct? a. An economic law is a ... (Read 42 times)

rachel9

  • Sr. Member
  • ****
  • Posts: 495
Which of the following statements about economic methodology is correct?
 a. An economic law is a cause-and-effect relationship that has been verified by a controlled experiment.
  b. The test of a theory's validity is its usefulness in explaining reality.
  c. An economic law is a statement about group behavior that is based on the observed behavior of a single individual.
  d. An economic law, because it is based on probabilities, can only be expected to be true about half the time.
  e. Assumptions are ignored in the development of hypotheses.

Question 2

Which of the following is not a part of the scientific method in economics?
 a. normative statements
  b. comparing predictions to evidence
  c. formulating a hypothesis
  d. a hypothesis
  e. behavioral assumptions



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

meryzewe

  • Sr. Member
  • ****
  • Posts: 346
Answer to Question 1

B

Answer to Question 2

A




rachel9

  • Member
  • Posts: 495
Reply 2 on: Jul 1, 2018
:D TYSM


hollysheppard095

  • Member
  • Posts: 339
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

For a complete list of videos, visit our video library