True or False: 1. Rationality could not apply to criminals. 2. Economic theories do not abstract from
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1. Rationality could not apply to criminals.
2. Economic theories do not abstract from the particular details of situations so they can better focus on every aspect of the behavior to be explained.
3. Determining whether an economic hypothesis is acceptable is more difficult than in the natural or physical sciences because, unlike a chemist in a chemistry lab, an economist cannot control all the other variables that might influence human behavior.
4. Microeconomics would deal with the analysis of a small individual firm, while macroeconomics would deal with large global firms.
5. A positive statement must be both testable and true.
6. A normative statement is nontestable.
7. The majority of disagreements in economics stem from normative issues.
8. A hypothesis is a normative statement.
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