An Economic Theory Is Also Known as an Economic

question 225

Multiple Choice

An economic theory is also known as an economic

• A) model.
• B) art.
• C) miracle.
• D) assumption.

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Definitions:

Account Balance

The total amount of money in a financial account, calculated by subtracting total debits from total credits.

Credit

An accounting entry that increases liabilities or equity or decreases an asset or expense account.