Each of the statements below address debates over how economic analysis is-or ou

Question

Each of the statements below address debates over how economic analysis is-or ought-to be defined among the social sciences and, more generally, scientific habits of thought and inquiry. Circle the letter or letter corresponding to statements that are untrue. The correct response may require you circle all, none or any combination of letters. If you like, you may attach a typewritten, double-spaced essay not exceeding 1 page, including citations, that explains why you believe your answer is correct. Economics is a social science that is primarily concerned with the management of individual households and business enterprises to maintain harmony and balance in society. Economics is a social science that is primarily concerned with how individuals and societies make choices under conditions of scarcity. Economics is whatever professional economists do to earn income.

Explanation / Answer

A. Economics does not really helps in maintaining balance and harmony in the society.

B. Statement is true and does not require any change

C. Need not be professional economists

D. For virtuous purpose is incorrect

E. Entire statement is true

F. Need not necessarily statistical and mathematical methods as it can also be based on intuition.

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