Multiple Choice
Preferences are:
A) the amount of happiness one has.
B) what we use to rank goods.
C) a dollar measure of well being.
D) a mathematical function.
Correct Answer:
Verified
Correct Answer:
Verified
Q88: Assumptions are chosen primarily because they are:<br>A)realistic.<br>B)convenient.<br>C)simplifications.<br>D)abstract.
Q89: Explain the difference between the buy- and-
Q90: The market supply curve is upward sloping
Q91: Normative economics includes all of the following
Q92: Comparative statics is the method of analysing:<br>A)the
Q93: The economic model's validity is determined:<br>A)by convincing
Q94: Economic theory assumes that people want:<br>A)to advance
Q95: A pure market economy:<br>A)assumes all property is
Q96: Economic models are tested:<br>A)with real world evidence.<br>B)to
Q98: Building an economic model requires:<br>A)deriving a conclusion