Which of the Following Is True About Economics

question 26

Multiple Choice

Which of the following is true about economics?

• A)It is a pure science.
• B)It deals in generalities.
• C)It is more complex than reality.
• D)It ignores reality in developing models.

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Definitions:

Illegal

Activities or actions that are prohibited by law or statute, and can lead to penalties or other legal consequences.

Endorsement For Deposit

A directive, usually on the back of a check, indicating that the check should be deposited into the account of the person named in the endorsement.

Restricts

Limits or confines actions, behaviors, or movements within certain parameters or conditions.

Unqualified Endorsements

Endorsements on negotiable instruments, such as checks, without any limitations, making the endorser fully liable.