Problem
1. What is scientific methodology? Can it be applied to economics? How is a theory confirmed?
2. Why are so many goods scarce? Make a list of several things that are not scare.
3. "Economics is of limited relevance. Most people will not be directly involved in management or the production of material goods. Neither will they put much money in the stock market. Understanding the economic approach will be useless to the typical student." Do you agree or disagree with this view? Be honest. Explain your reasoning.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.