Locational models predict all of the following except:
A) distance measurements use a common scale.
B) television programs share common themes.
C) social organizations are similar to each other.
D) firms in an industry locate near each other.
Correct Answer:
Verified
Q38: The Cost- Benefit criterion selects a social
Q39: Economic theory assumes that people want:
A)to advance
Q40: Institutions are considered important for economic analysis:
A)institutionalism
Q41: The market demand curve is downward sloping,
Q42: When US President Barack Obama gave his
Q44: Building an economic model requires:
A)deriving a conclusion
Q45: Assumptions are chosen primarily because they are:
A)realistic.
B)convenient.
C)simplifications.
D)abstract.
Q46: The circular flow of economic activity reflects
Q47: Locational models cannot be used to explain:
A)the
Q48: In economics, self interest is a:
A)positive assumption.
B)normative
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