Assumptions are chosen primarily because they are:
A) realistic.
B) convenient.
C) simplifications.
D) abstract.
Correct Answer:
Verified
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
Q43: Locational models predict all of the following
Q44: Building an economic model requires:
A)deriving a conclusion
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
Q49: Competition is:
A)the consequence of "more is better."
B)utterly
Q50: A market demand curve tells us how
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents