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10 cards from this deck
Scarcity forces choices on resource allocation
Economic behaviour & relationships of individuals/groups
Place where consumers & firms interact/make transactions
Tentative explanation that is untested
Hypothesis that has been tested & survived the test
Testing & potentially rejecting a hypothesis
What is & what will happen - can be tested
What should/ought to be - value judgements
Statement of fact that can be scientifically tested
Includes value judgement, can't be refuted by evidence alone
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