"The theory's predictions are consistent with what I believe, so now I have good reason to believe what the theory says." This statement is likely to have been made by a person who believes that
A) theories should be tested by gathering and analyzing data.
B) theories are descriptive of reality.
C) theories should be falsifiable or refutable.
D) b and c
E) none of the above
E
Economics
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When output exceeds planned expenditures, there is insufficient production in the economy
Indicate whether the statement is true or false
Economics
Is it possible for a firm to have a comparative advantage in producing something without having an absolute advantage? Why or why not?
What will be an ideal response?
Economics