Normative science - Study guides, Class notes & Summaries

Chapter 1 Analyzing Economic Problems Solutions to Review Questions 1. What is the difference between microeconomics and macroeconomics? Microeconomics studies the economic behavior of individual economic decision makers, such as a consumer, a worker, a firm, or a manager. Macroeconomics studies how an entire national economy performs, examining such topics as the aggregate levels of income and employment, the levels of interest rates and prices, the rate of inflation, and the nature of b...

TEST BANK FOR MICROECONOMICS 7TH EDITION By jeffrey M. Perloff - ComPlete All Chapters (VERIFIED) Microeconomics is often called A) price theory. B) decision science. C) scarcity. D) resource theory. Answer: A Section: The Allocation of Scarce Resources Question Status: Old AACSB: Analytic thinking 3) Most microeconomic models assume that decision makers wish to A) make themselves as well off as possible. B) act selfishly. C) make others as well off as possible. D) None of the abo...

TEST BANK for Sociology in Action: A Canadian Perspective 4th Edition by Bereska Tami and Symbaluk Diane. Chapter 1 1. Chapter 01-001 According to the textbook authors, we might better understand who becomes a professional hockey player by applying ideas developed by which of the following? a. Karl Marx b. Emile Durkheim *c. Max Weber d. Auguste Comte 2. Chapter 01-002 According to the textbook authors, what is the relationship between unemployment and postsecondary education? a...

What are the factors that helped to pioneer the study of child development as a true science? correct answers G Stanley Hall's book, Adolescence (1904) recognized adolescence as a period of development Establishments of research institutes and longitudinal studies for different stages.(longitudinal studies provided research based information about normative developments at different ages What are the advances in the West that paved the way for the scientific study of child development? corr...

Advances in the West that paved way for scientific study of child development correct answers Higher infant survival rates due to: - Discovery of germs -Development of vaccines Child welfare laws were designed to protect children from long workdays. New science of psychology suggested that people could better understand themselves by learning what had influenced them as children. Factors that helped to pioneer the study of child development as a true science correct answers Adolescenc...

political science Correct Answer: an academic discipline that uses science to study politics All aspects of the definition of science Correct Answer: Uses inferences, Uses empirical, not normative questions, is falsifiable, is transparent, is cumulative Inference Correct Answer: making connections between phenomena we have observed and phenomena we expect to observe Empirical vs. normative claims Correct Answer: how things are vs. how things should/ought to be Tautology 2 Correct A...

Which of the following defines economics? Economics is the social science that studies ___________. correct answers The choices made to cope with scarcity, how incentives influence those choices, and how the choices are coordinated Microeconomics is the study of correct answers How individual households and firms make decisions. Which of the following areas of study typifies microeconomics as opposed to macroeconomics? correct answers The impact of minimum-wage laws on employment in the fa...

ECON 103 Exam 1 Questions and Answers 100% Correct ECON 103 Exam 1 Questions and Answers 100% Correct ECON 103 Exam 1 Questions and Answers 100% Correct What is economics? - ANSWER-the science of purposeful human actions and the unintended consequences of that action What are some spontaneous orders? (6) - ANSWER-The Price System, Money, Banks, Stock and Bonds, Future Markets, and Accounting Systems What is the difference of Normative and Positive questions? - ANSWER-N: "what shoul...

Ethics correct answers the practical normative science of the right and wrongness of human conduct as seen by natural reason Material Object correct answers the "stuff" that the discipline studies. i.e. discipline= biology; material object= living things Formal Object correct answers the "precise aspect" of the material object which the discipline studies. i.e. discipline= biology; material object= living things; formal object= w/ respect to makeup and function TRUE or FALSE: No t...

What are the types of ethics, and what type of ethics is bioethics? correct answersDescriptive ethics: What moral beliefs do particular groups, societies, cultures, etc. subscribe to? Normative ethics: What moral norms are correct? Meta-ethics: What is a moral norm? What is the difference between moral beliefs and other kinds of belief? Are there moral facts? Applied ethics: How should practical moral questions be resolved using moral concepts and moral norms? What is the subject matter of...