An example of a price that changes only infrequently is the price of
A) stocks on the New York Stock Exchange.
B) crude oil.
C) residential real estate.
D) magazines sold at newsstands.
Correct Answer:
Verified
Q32: For economists,historical episodes
A)are not worthy of study
Q33: Economists regard events from the past as
A)irrelevant,since
Q34: Economists make assumptions to
A)provide issues for political
Q35: For an economist,the idea of making assumptions
Q36: The decision of which assumptions to make
Q38: An economic theory about international trade that
Q39: The art in scientific thinking is
A)finding the
Q40: Historical episodes are
A)valuable to economists because they
Q41: The circular-flow diagram is a
A)visual model of
Q42: In constructing models,economists
A)leave out equations,since equations and
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