Economic models are used to:
A. explain every detail of an economic theory.
B. explore decision making by individuals, firms and other organizations.
C. build physical renditions of government construction projects.
D. represent the complexities of economic environments.
Answer: B
Economics
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Which of the following is considered to be a fixed cost of operating an automobile?
a. Gasoline b. Tires c. Registration fees d. Maintenance e. Oil change
Economics
Which statement is true?
A. No one receiving public assistance is employed. B. Some people receiving public assistance are employed. C. More people were receiving public assistance in 2007 than in 1994. D. According to current law, no one will be eligible to receive public assistance by the end of 2012.
Economics