Microeconomics
Microeconomics
13th Edition
ISBN: 9781337617406
Author: Roger A. Arnold
Publisher: Cengage Learning
Question
Chapter 1.4, Problem 2ST
To determine

Explain how the theory of economy is different from its description.

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Students have asked these similar questions
Why economics is an applied science? Is economic is a study of money?
What are the key ingredients of an economic model, and why are models useful?
The fundamental reason to study economics is to study ____.     how choices are made     how production is determined     how countries trade with each other     how finances are determined
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