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
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
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter1: What Is Economics
Section1.1: The Basic Problem In Economics
Problem 1R
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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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