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A Simplified Representation That Is Used to Study a Real

Question 3

Multiple Choice

A simplified representation that is used to study a real situation is called:


A) a model.
B) a production possibility frontier.
C) an assumption.
D) a trade-off.

Correct Answer:

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Q2: (Figure:</p></div><svg width=

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A.are usually limited

Q5: (Table: Production Possibilities</p></div><svg width=

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(Figure: Guns and Butter)

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