Multiple Choice
Abstraction can be thought of as
A) avoiding reality in order to build theory.
B) omitting unimportant details in order to understand complex phenomena.
C) relying on absurdity to explain simplicity.
D) making complex assumptions when simple facts are sufficient.
E) stylizing reality rather than analyzing cause and effect.
Correct Answer:

Verified
Correct Answer:
Verified
Q116: The slope of a curved line differs
Q117: Which of the following is an example
Q118: Abstraction is unnecessary when economic analysis is
Q119: Comparative advantage explains how two nations can
Q120: Some college students think that because a
Q122: Economic theory<br>A)is a deliberate simplification of factual
Q123: Since a trade-off exists between total output
Q124: Suppose that a curve has a slope
Q125: It is impossible for both nations to
Q126: You have just bought a used car