Which of the Following Is Assumed in Virtually Every Economic

question 41

Multiple Choice

Which of the following is assumed in virtually every economic model?

• A) Inefficiency exists in the economy.
• B) Decision makers operate in the face of unlimited resources.
• C) All decision makers face constraints.
• D) Normative economic statements are derived from mathematical equations.
• E) Positive statements are derived from normative statements.

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