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.
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The location of iron and steel industry at a place is due to ...
From that table above, the price elasticity of supply is ...
Given two substitute goods (X and Y) with demand and supply function; Qd = 7p - 12 Qs = 4p + 9 Fi...
Despite the benefits large firms enjoy, it could be limited by the ...