Multiple Choice
A simplified representation of a particular problem is a:
A) model.
B) constant.
C) hypothesis.
D) law.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q53: Economic models are:<br>A) created and used in
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
Q59: The Case in Point on the Simpsons
Q60: Opportunity cost is the expected value of
Q61: The problem of determining how goods and
Q62: The economic way of thinking pays special
Q63: The three fundamental economic questions are what,