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Difficulty hard topic simple application blooms

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Difficulty: HardTopic: Simple Application
Bloom’s: ComprehensionAACSB: Reflective Thinking85.Predicting the movement of the stock market on the basis of observed, historical correlationsbetween sunspots and the stock market is to take the risk of predicting on the basis of a logicallyflawed procedure.Difficulty: Medium
Topic: Simple ApplicationBloom’s: ApplicationAACSB: Reflective Thinking86.The scientific method is not applicable to the study of economics because economics is not a truescience.Difficulty: Medium
Topic: DefinitionBloom’s: KnowledgeAACSB: Reflective Thinking87.If people act as if they maximize profits even though profits are not exactly what they have inmind as they decide what to do, then assuming that they do indeed try to maximize profits cansupport a sound economic analysis.
Difficulty: HardTopic: Simple ApplicationBloom’s: ApplicationAACSB: Reflective Thinking88.College students that do well in economics courses always do better in business, get into the lawschool of their choice, and otherwise have superior lives compared to students who either fail totake economics or fail economics.Difficulty: Medium
Topic: Simple ApplicationBloom’s: ApplicationAACSB: Analytic89.Economists are now relying less on controlled experiments to explain economic behavior than inthe past.Difficulty: Easy
Topic: ExperienceBloom’s: KnowledgeAACSB: Reflective Thinking90.Economic analysis plays an integral role in helping us to better understand our society.
Difficulty: EasyTopic: ExperienceBloom’s: Comprehension
AACSB: Reflective Thinking91.Leisure is an example of a free good.
Difficulty: EasyTopic: DefinitionBloom’s: KnowledgeAACSB: Reflective Thinking92.What, how, and for whom are central questions for any economic system.

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