Economic theory is a valuable tool for business decision making because it

A. identifies for managers the essential information for making a decision.
B. creates a realistic, complex model of the business firm.
C. assumes away the problem.
D. provides an easy solution to complex business problems.

Answer: A

Economics

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If supply increases and demand decreases, then equilibrium price will fall

a. True b. False

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The bulk of exports from industrial countries are

a. manufactured goods b. primary products c. agricultural goods d. raw materials e. raw sugar products

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