Which of the Following Statements Is NOT True

question 83

Multiple Choice

Which of the following statements is NOT true?

• A)Economic theory often makes unrealistic assumptions.
• B)Economists ignore details to focus on complex problems.
• C)Abstraction is not an important part of economic analysis.
• D)The word theory means different things to economists and to ordinary people.

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Definitions:

Relativistic

Pertaining to the concept that points of view have no absolute truth or validity, having only relative, subjective value according to differences in perception and consideration.

Transitional

Referring to a phase or period that serves as a bridge from one state, condition, or activity to another.

Oppositional

In Perry’s theory, a response to late multiplicity characterized by legitimizing multiplicity as one pole of a new kind of dualism and the right–wrong dualism of Position 1 (strict dualism) at the other end of the new continuum. Allows individuals to maintain a dualistic either-or structure in their thinking.

Dualistic

Pertaining to or involving a division into two sharply distinct opposites or contrasting entities, often found in philosophical, spiritual, and cognitive contexts.