A theory is an abstract representation of reality . This means a theory
A) is descriptive of the way the world is.
B) is an unrealistic representation of reality.
C) omits certain factors when trying to explain something.
D) is usually expressed in professional jargon.
Correct Answer:
Verified
Q142: Economists use the ceteris paribus assumption primarily
Q154: Ceteris paribus means
A) "one variable too many."
B)
Q155: Exhibit 1-3 Q156: Exhibit 1-4 Q159: Efficiency is consistent with Q161: Define the term rationing device and give Q162: Define the term scarcity and discuss two Q163: Explain how scarcity can exist in a Q169: Describe at least three of the key Q174: Which of the following pairs of variables
A)minimizing net benefits.
B)equating marginal
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