Multiple Choice
Economic models are:
A) created and used in order to duplicate virtually every aspect of the real world.
B) useless if they are simple.
C) made generally of wood, plastic, and/or metal.
D) built using assumptions.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q48: The sacrifice of an alternative is called:<br>A)
Q49: In the 1930s, the federal government established
Q50: A(n) _ does not pose the problem
Q51: According to the textbook, economics is a:<br>A)
Q52: Statements that are a hypothesis or statement
Q54: The existence of alternative uses for a
Q55: The economic way of thinking has to
Q56: The primary emphasis in macroeconomics is on:<br>A)
Q57: The situation when we face alternative choices
Q58: A simplified representation of a particular problem