Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:It is possible for a good to be neither normal or inferior, ie., it is independent of changes in income.
Just ask Bill Gate.
True
False
Transcribed Image Text:Social scientists:
want models that look exactly like the real world
don't like to make predictions
like to build and test theories
don't believe that human behavior is predictable
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