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Is normative economics concerned with the use of the scientific method to establish well-tested explanations for economic behavior?
Wiki User
∙ 10y ago
Yes, it is. Economics as a field is very concerned with using the scientific method to explain and predict behavior.
Wiki User
∙ 10y ago
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Managerial economics is an art or science.explain?
Both! The ideas and concepts behind managerial economics all have a scientific basis. Some managerial decisions made using managerial economics can employ scientific explanations. On the other hand, many managerial decisions made using the concepts of managerial economics are very subjective. One must, for example estimate the intentions of competitor firms. While some of this is scientific, some of it is luck and some of it is an art.
Who must know the scientific definition of economics?
Everyone studying Economics.
What is the discipline of economics concerned with individual units?
Microeconomics
The study of economics is primarily concerned with?
choices
When you study individual markets or consumers you are primarily concerned with what normative economics Macroeconomics Microeconomic or Positive Economics?
come again???
Managerial economics is an art or science.explain?
Both! The ideas and concepts behind managerial economics all have a scientific basis. Some managerial decisions made using managerial economics can employ scientific explanations. On the other hand, many managerial decisions made using the concepts of managerial economics are very subjective. One must, for example estimate the intentions of competitor firms. While some of this is scientific, some of it is luck and some of it is an art.
Why is the science of economics is concerned with the activity of households?
because everything is related with economics as we know micro economics is related with small things or individual units it concerned with the act of households.
Who must the scientific definitions of economics?
everyone studying economics
Who must know the scientific definition of economics?
Everyone studying Economics.
What is the discipline of economics concerned with individual units?
Microeconomics
The study of economics is primarily concerned with?
choices
When you study individual markets or consumers you are primarily concerned with what normative economics Macroeconomics Microeconomic or Positive Economics?
come again???
When you study individual markets or consumers what are we primarily concerned with?
normative economics
When you study individual markets or consumers what are you primarily concerned with?
normative economics
Explain the study of economics as a science?
Economics uses the scientific method in explaining human behavior.
Why is scientific notation useful in economics?
Scientific notation is useful in economics to compute very large or very small numbers.
In an economics sense a social scientist is concerned with which or these?
All of the above A+ sucks TAO
