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The Branch of Economics That Applies the Principles and Methodology

question 51

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The branch of economics that applies the principles and methodology of economics to the operation of the political process is known as


Definitions:

Empirical

Is about, focuses on, or is validated by seeing or living through something firsthand rather than by theory or abstract thought.

Direct Observation

A research method where behaviors or phenomena are watched and recorded as they naturally occur, without interference or manipulation by the observer.

Internal Events

Experiences or occurrences within one's own mind or body, such as thoughts, feelings, or physiological changes.

Logic

The study of reasoning and argumentation, focusing on the principles that guide the structure and validity of arguments and inferences.

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