Scientists are very hesitant to base any knowledge on heuristic models because:

A. it is easy to believe a story and make sense of it within its own frame.
B. they contain too many equilibria.
C. they do not contain any implications for government policy and influencing choice.
D. they only use the deductive approach.


Answer: A

Economics

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The richest American is ______.

Fill in the blank(s) with the appropriate word(s).

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In order to maximize profit, a firm that produces its output in two plants will allocate total output between the two plants so that

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Most economists agree that the economy will adjust to a recessionary gap, but the adjustment process

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