32. On the television show MythBusters, the hosts design experiments, collect da

Question

32. On the television show MythBusters, the hosts design experiments, collect data, and test theories based on popular yths. This is an example of a, the scientific method. economic growth gains from trade. d. production possibilities e. absolute advantage. e. Economists use the scientifie method and the tools of economics to study a. only the decisions of individuals. b. only the decisions of business firms. c. only economic growth and gross domestic product (GDP). 33. only the production possibilities curve. anything around them; the world is the economist's laboratory The scientific method and the tools of economics are useful in examining a. only how individuals make decisions. b. only how business firms make decisions. c. only how government policies affect macroeconomic outcomes. d only the trade-offs evident in the production possibilities frontier (PPF) 34. anything:; economists will use their tools to study anything in the world around them 35. A positive statement is a claim that can be tested. is a statement about what ought to be c. is a declaration of opinion. d. is a claim that cannot be tested e cannot be evaluated using the scientific method.

Explanation / Answer

For both 33 and 34, the answer is 'e'. Economists study everything around them, make theories by putting certain assumptions in place and later relaxing these assumptions to see if the theory still hold.

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