When a generalization is made based on observed facts, it...
When a generalization is made based on observed facts, it is
Inductive reasoning
Normative reasoning
Theoretical reasoning
Deductive reasoning
Correct answer is A
Inductive reasoning is a process by which a person makes a generalization based on specific, individual experiences. This process begins with observation.
In calculating mean one should ...
An increase in both the legal reserve ratio and discount rate has the effect of ...
The objective of public finance is to promote ...
The main reason for low agricultural produce in west Africa is need to ...
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Non-bank financial intermediaries do not ...
One of the characteristics of monopolistic competition is that ...