When gathering data, the scientist is required to exhibit all BUT which one of the following traits ?
Correct answer: D. Social involvement
- A. Courage
- B. Patience
- C. Ethical neutrality
- D. Social involvement
Explanation
Scientists need courage, patience, and ethical neutrality while collecting evidence, but they should maintain analytical detachment rather than social involvement. Social involvement may introduce bias into observation.
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Individual consumers, firms and markets are examined through demand and supply, elasticity, consumer choice, production, costs, revenue and the determination of prices and output. The topic also covers market structures such as perfect competition, monopoly and oligopoly, plus market failure, externalities and the distinction between microeconomic decisions and economy-wide outcomes.
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