Which of the following statements is true? OA. Economics is a science since the study of economics uses models and theories that are subject to empirical testi OB. Economics is not a science since the models developed are a simplification of the real world. OC. In order for a discipline to be considered a science it must be possible to set up laboratory experiments. OD. Economics is not a science since only biology, physics and chemistry can be called a science.

Which of the following statements is true? OA. Economics is a science since the study of economics uses models and theories that are subject to empirical testi OB. Economics is not a science since the models developed are a simplification of the real world. OC. In order for a discipline to be considered a science it must be possible to set up laboratory experiments. OD. Economics is not a science since only biology, physics and chemistry can be called a science.

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter2: Thinking Like An Economist

Section2.1: The Economist As Scientist

Problem 1QQ

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1. What makes a certain behavior unethical? * a.If it might cause harm to yourself. b.If it might cause too much happiness to others. c.If it might cause confusion to others. 2. A normative study of ethics, as is often done in philosophy or moral theology, engages the question: What could or should be considered as the right way of acting? Identify a good example that could illustrate what normative study of ethics is a .Ethics is based on the primitive practices of humans. b. Ethics is based on existing doctrines and tells us what is the prescribe human behaviors. c. Ethics is based on religious practices 3. What makes rule necessary for peace and order? * a.Rule forces people to comply with societal standards. b.Rule organizes moral development of the members of society. c. Rules guide people to do what they want and need to do. 4. Which of the following is a moral issue? a. A student finds naked painting offensive. b. A student confuse about his/her career. c. A student…