Which of the following statements is NOT true?
A) Economics is a social science.
B) Economics is an empirical science.
C) Economics does not use theories.
D) Economics is the study of how people allocate their limited resources to satisfy their unlimited wants.
Answer: C
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The answer is, "They are mortgage loans granted to persons who might have low credit ratings." The question is:
A) What are traditional loans? B) What are collateralized debt obligations? C) What are subprime mortgage loans? D) What are securitized loans?
Which of the following statement is NOT correct?
A. Asking people how many times a week they go out to eat is an example of performaing a survey. B. A random sample is selected so that on each selection from the population, every unit remaining in the population has an equal chance of being chosen. C. If we examine some of the population measurements, we are conducting a census of the population. D. When the data are collected over different time periods, we are analyzing time series data.