A key concept in the development of positive economic theories is the notion of refutability-a theory is
Question:
a) Friedman's claim that pool players play as if they were using the rules of physics
b) The theory that firms operate so as to maximize profits
c) The theory that demand curves slope downward
d) The theory that adoption of capitalism makes people who are poor more miserable?
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Related Book For
Intermediate Microeconomics and Its Application
ISBN: 978-1133189039
12th edition
Authors: Walter Nicholson, Christopher M. Snyder
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