A theory composed of a number of assumptions and facts boiled down to their basic relevant elements is called a
A) metaphor.
B) model.
C) conclusion.
D) practice.
Correct Answer:
Verified
Q144: Allocative inefficiency implies that
A) goods are produced
Q145: Which would best represent a normative question?
A)
Q146: The private market for education can be
Q147: When the _ outweigh(s) the _ of
Q148: The field of economics that is concerned
Q150: Resources are
A) unlimited, but wants are limited.
B)
Q151: Economists point out that the quality of
Q152: An example of a microeconomic question would
Q153: Changes in stock prices are correlated with
Q154: Economists use graphs because
A) they represent relationships
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