Business, 31.12.2019 00:31, 36murrayjonte

Which of the following is a correct statement? multiple choice economic concepts or laws that are valid during recessions are necessarily valid during prosperity. because economics is primarily concerned with questions of "ought," it is a branch of applied ethics and not scientific. economists use the scientific method. therefore, economic laws are as quantitatively precise as the laws of physics or chemistry. although they are generalizations, economic laws are useful because they allow us to predict and therefore influence or adjust to events.

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Which of the following is a correct statement? multiple choice economic concepts or laws that are v...