menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 25
  4. Exam
    Exam 2: Economic Models: Trade-Offs and Trade
  5. Question
    A Simplified Version of Reality That Is Used to Clarify
Solved

A Simplified Version of Reality That Is Used to Clarify

Question 71

Question 71

Multiple Choice

A simplified version of reality that is used to clarify economic situations is called a(n) :


A) economic fact.
B) current event.
C) model.
D) scarce resource.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q66: Use the following to answer question: <img

Q67: Positive economics is the branch of economics

Q68: Because models make simplifying assumptions,they are of

Q69: If an economy produces the desired mix

Q70: In the circular-flow diagram,an organization that produces

Q72: In the circular-flow diagram,the product market is

Q73: Which statement is TRUE?<br>A)Some very talented people

Q74: Which item is NOT a factor of

Q75: Which of the following is sold in

Q76: One of the controversies surrounding the United

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines