Examlex
__________ is defined as all the ways in which people differ.
Empirical Economics
The branch of economics that analyzes data to understand and explain economic phenomena.
Economic Theories
Systematic frameworks for analyzing economic phenomena, developed to explain and predict economic patterns and behaviors.
Normative Statement
An assertion that expresses a value judgment or opinion about what ought to be, rather than what is empirically verifiable.
Post Hoc
A logical fallacy that assumes a cause-and-effect relationship simply because one event follows another in time.
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