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What are the key elements of the scientific method and how does this method relate to eco

 What are the key elements of the scientific method and how does this method relate to economic principles and laws?

5. State (a) a positive economic statement of your choice, and then (b) a normative economic statement relating to your first statement.

6. How does the slope of a budget line illustrate opportunity cost and trade-offs?  How does a budget line illustrate scarcity and the effect of limited incomes?

Dec 05 2019 View more View Less

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