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.
One major function of the entrepreneur is ...
If in this demand-supply diagram, the quantity supplied is OQ, then ...
The determinants of elasticity include ...
The most important cost curve for the firm is_________ ...
Provision of services is classified under ...
A carpenter's consumer goods includes I. a kilogram of rice II.3 pairs of shoes III. 4 pairs ...
The table above shows the short-run costs of a firm. What is the firm's marginal cost for the th...
A decrease in supply without a corresponding change in demand will lead to ...