Economics is based on a set of fundamental ________ and ________.
Logic and thought
Principles and theories
Feeling and emotion
Principles and emotion
The knowledge generated through economics does nothing for the welfare of the society TRUE/ FALSE
Economics employs the scientific method to study human behaviour TRUE/FALSE
Why do economists use quantitative and qualitative research methods?
Economists use quantitative and qualitative research methods to gather and analyze data, formulate hypotheses, and test theories.