A formal explanation of the relationship between economic variables is an;
A) assumption.
B) economic theory.
C) economic policy.
D) opinion that usually cannot be supported.
Correct Answer:
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Q51: Distinctions between the different factor incomes are
Q52: To an economist, scarce resources means that:
A)
Q53: All resources are:
A) scarce both in relative
Q54: Resources are scarce:
A) when compared to the
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Q57: Economic theories are:
A) always expressed in terms
Q58: Which of the following is an example
Q59: Economic theory is:
A) a set of conditions
Q60: An economic theory may be disputed because
Q61: Disputes about economic theories:
A) prove that the
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