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Principles of Economics CHAPTER 2 THINKING LIKE AN ECONOMIST 1. In what ways is economics a science? 2. Why do economists make assumptions? 3. Should

Principles of Economics

CHAPTER 2 THINKING LIKE AN ECONOMIST

1. In what ways is economics a science?

2. Why do economists make assumptions?

3. Should an economic model describe reality exactly?

8. What are the two sub-fields into which economics is divided? Explain what each sub-field studies.

10. Why do economists sometimes offer conflicting advice to policymakers?

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