Which of the following is true of an economic theory? a. It uses complex mathematical equations to explain the problem of scarcity of resources b.It seeks to prove political ideals and establish a moral code of conduct c. It seeks to strengthen the role of the government in an economy d. It is a deliberate simplification of factual relationships

Economics Today and Tomorrow, Student Edition
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Chapter1: What Is Economics
Section1.1: The Basic Problem In Economics
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11..Which of the following is true of an economic theory?

a. It uses complex mathematical equations to explain the problem of scarcity of resources

b.It seeks to prove political ideals and establish a moral code of conduct

c. It seeks to strengthen the role of the government in an economy

d. It is a deliberate simplification of factual relationships

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