MICROECONOMICS
MICROECONOMICS
11th Edition
ISBN: 9781266686764
Author: Colander
Publisher: MCG
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Chapter 21.1, Problem 8Q
To determine

Data speak and debate resolving.

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True/false/explain.  Economic models must mirror reality or they are of no value.  When economists make normative statements, they are more likely to be acting as scientists.
In common parlance, we say that economics is everywhere. Comment
Why are widely accepted, well-defended scientific explanations called “theories”?
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