Multiple Choice
The models that economists construct:
A) usually make simplifying assumptions.
B) often rely on physical constructs,such as those used by architects.
C) rarely use mathematical equations or graphs.
D) attempt to precisely replicate the real world.
Correct Answer:
Verified
Correct Answer:
Verified
Q53: In building models,economists avoid making any assumptions
Q54: Which statement is normative?<br>A)Government has grown too
Q55: Which of the following is sold in
Q56: If countries engage in international trade:<br>A)they give
Q57: An economy is said to have a
Q59: Mark and Julie are going to sell
Q60: Trade takes the form of _ when
Q61: Use the following to answer question:<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6643/.jpg"
Q62: If they bake only cakes,in a single
Q63: Use the following to answer question:<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6643/.jpg"