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Lesson 2: How We Develop Economic Principles
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Question 1 of 2
Social or Natural Science:
Identify the following sciences as either social or natural.
A. Social Science B. Natural Science
“1. Biology “
“2. Economics “
“3. Criminology “
“4. Astronomy “
Question 2 of 2
Matching Essential Terminology:
Place the appropriate term on the line beside its description.
A school of economic thought that calls for increased government spending during times of economic decline.
A chain of deductive reasoning to reach a conclusion from an initial set of assumptions.
A school of economic thought that blames faulty monetary policy for the boom-bust cycle.
A definition or assumption from which logical deductions are made.