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:

Math Problems

Questions or exercises involving mathematical concepts and computational procedures that require solving.

General Intelligence

A theoretical model proposing a single, overarching intellectual capability that underlies specific cognitive abilities, such as reasoning, problem-solving, and knowledge.

Heritability

A measure of how much of the variation in a trait among individuals within a population is due to genetic differences.

Twin Pairs

Two individuals born at the same time to the same mother, used in research to study the effects of genetics vs. environment.