A good economic theory is more useful when it includes detailed facts even if the facts are not relevant to the questions being investigated.
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Q1: Living in a world of scarcity involves
Q2: Microeconomics explores the allocation of scarce resources
Q7: Self-interest could never include benevolence.
Q11: Wealthy consumers do not have to make
Q13: Economics is the study of choices we
Q14: Economists presume that when making a decision,individuals
Q19: One topic that microeconomics explores is how
Q20: Economists assume that most individuals act as
Q34: Economic models are of limited use since
Q146: Microeconomics is the branch of economics in
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