Which of the following statements is true about data?
A) Empiricism does not necessarily involve data.
B) Consistency of models can be checked using data.
C) Convincing data analysis in economics relies on using a small sample.
D) Facts that describe the world are not considered data.
B
Economics
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Suppose that initially the price of a bag of jellybeans is $6, and the price of a bottle of cola is $2. If the price of a bottle of cola increases, then the relative price of jellybeans
A) increases. B) decreases. C) stays the same, but the relative price of cola increases. D) stays the same, but the relative price of cola decreases.
Economics
A large government faces a production possibilities frontier much like a business firm does
a. True b. False Indicate whether the statement is true or false
Economics