The development of an economic hypothesis through intuiti...
The development of an economic hypothesis through intuition, insight, or logic is associated with
Deduction
Policy economics
Normative economics
Induction
Correct answer is C
Normative economics is a perspective on economics that reflects normative, or ideologically prescriptive judgments toward economic development, investment projects, statements, and scenarios. It expresses ideological judgments about what may results in economic activity if public policy changes are made.
The coefficient of price elasticity of supply of land is usually___________ ...
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Which of the following is NOT a visible iterm in international trade payments?` ...
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\(\begin{array}{c|c} \text{Output(kg)} & 240 & 450 & 580 & 630 \\ \hline \text{MR...