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Economists like to use graphs and equations primarily because
Functional Explanation
An approach that explains social phenomena and structures by their functions and contributions to the continuation of a society or system.
Scarcity
A fundamental economic problem of having seemingly unlimited human wants and needs in a world of limited resources.
Functional Explanation
An approach in social sciences that explains social institutions and structures by the role they play in maintaining the stability and functionality of a society.
Social Positions
The places or roles that individuals occupy within the social structure, which influence their behavior, perspectives, and interactions with others.
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Q346: Increasing government spending, increasing transfer payments, and