The collection and use of data to test economic theories is

A. normative economics.
B. descriptive economics.
C. positive economics.
D. empirical economics.

Answer: D

Economics

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____________are generally associated with labor and raw materials.

Fill in the blank(s) with the appropriate word(s).

Economics

What are the three cases for the price elasticity of demand? Briefly define each

What will be an ideal response?

Economics