Multiple Choice
Who said,"The whole of science is nothing more than the refinement of everyday thinking"?
A) Isaac Newton
B) Albert Einstein
C) Adam Smith
D) Benjamin Franklin
Correct Answer:
Verified
Correct Answer:
Verified
Q119: Which of these terms are used interchangeably?<br>A)"goods
Q120: Figure 2-7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-7
Q121: Figure 2-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-2
Q122: In the circular-flow diagram,firms produce<br>A)goods and services
Q123: Figure 2-7 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-7
Q125: The use of theory and observation is
Q126: Figure 2-14 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-14
Q127: In building economic models,economists often omit<br>A)assumptions.<br>B)theories.<br>C)details.<br>D)equations.
Q128: Figure 2-8 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 2-8
Q129: Which of the following is an example