Multiple Choice
An assumption that makes an economic model simpler without affecting its conclusions in important ways is
A) an indication of a positive assumption
B) an efficient assumption
C) useful in disguising the valid conclusions
D) a simplifying assumption
E) a critical assumption
Correct Answer:
Verified
Correct Answer:
Verified
Q89: The overall performance of the economic system
Q90: Normative economics deals with<br>A) how the economy
Q91: Opportunity costs arise because of resource scarcity.
Q92: Because economists have different values,like everyone else,they<br>A)
Q93: If an economic model includes an assumption
Q95: Even if economic theory is based on
Q96: Which of the following explains why economists
Q97: Positive economics deals with<br>A) theories about improving
Q98: No society can provide its citizens with
Q99: The ultimate purpose of an economic model