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How do consumers and producers make choices in trying to meet their economic objectives?
How do consumers and producers make choices in trying to meet their economic objectives?
2.4 Aims.pdf2.4 Key Concepts.pdf2.4 Crib.pdf
Theory of Knowledge Connections
Theory of Knowledge Connections
- Is the assumption of rational consumer choice realistic?
- Can laws in economics, such as the law of demand and the law of supply, have the same status as laws in the natural sciences?
- Can the use of empirical evidence ever allow us to arrive at the truth about the real world?
- What practical problems does economics try to solve?
In Profile: Richard Thaler
In Profile: Richard Thaler
Further Reading and Research
Further Reading and Research
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