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10 cards from this deck
Simplified representation of real-world economic situations
Objective explanation tested with evidence; describes what is
Subjective opinions about what ought to happen
Should, ought to, too high
Formulate question, conduct investigation, draw conclusions
Impossible to predict individual responses with certainty
Can't change one variable while keeping everything else constant
Personal beliefs/political views influence research
Show general trends rather than exact outcomes
Generalisations describing typical behaviour, not exact predictions
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