Inductive method which also called empirical method was adopted by the:
A) marginalist school
B) mercantilists
C) physiocrats
D) historical school of economists
Correct Answer:
Verified
Q4: The problem of scarcity and choice making
Q5: Macroeconomicsis primarily concerned with aggregates. Which of
Q6: Scientific attempts to describe economic relationships are
Q7: The method consistsin deriving conclusionsfrom general truths,
Q8: is a term referring to an intellectual
Q10: Decisions made in households, firms, and government
Q11: Knowledge used to combine resources productively is
Q12: Economic efficiency for the entire economy requires
Q13: Theories are:
A)much more complicated than common sense
B)scientific
Q14: Division of Labour is limited by the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents