menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    ECON MACRO
  4. Exam
    Exam 1: The Art and Science of Economic Analysis.
  5. Question
    An Economic Theory
Solved

An Economic Theory

Question 138

Question 138

Multiple Choice

An economic theory:


A) distorts reality in all its complexity.
B) is based on normative statements.
C) focuses on the unique aspects of each situation.
D) is a simplification of reality.
E) bears no relation to reality.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q4: Labor and capital are exchanged in the

Q42: Rent is the payment received by resource

Q133: Exhibit 1.3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1006/.jpg" alt="Exhibit 1.3

Q135: Exhibit 1.1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1006/.jpg" alt="Exhibit 1.1

Q136: Economists believe that:<br>A) people who choose to

Q137: In economics, capital is defined as:<br>A) natural

Q140: Rational choice implies:<br>A) the use of an

Q141: Economists believe that people respond in a

Q142: Michigan has an abundant supply of fresh

Q143: Which of the following is an example

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines