Which of the Following Statements Is True

question 67

Multiple Choice

Which of the following statements is true?

• A)Economic theory does not make unrealistic assumptions.
• B)Economists should not ignore details while focusing on complex problems.
• C)Abstraction forms an important part of economic analysis.
• D)The word theory means same for both economists and laymen.

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Definitions:

Challenging

Something that demands skill, effort, or perseverance to overcome, often leading to personal growth or improvement.

Worth It

A subjective evaluation indicating that something is considered valuable or beneficial enough to justify the effort or cost involved.

Stepparent

An individual who is married to a biological parent of a child but is not the child's biological mother or father.

Previous Marriage

A marital union that has been legally dissolved through divorce or annulled, before entering into a subsequent marriage.