What is the "right" degree of abstraction necessary to analyze an economic problem?
a. simple abstraction of only minor details
b. simple abstraction of only irrelevant details
c. total abstraction of all variables
d. total abstraction of all irrelevant details
e. There is no "right" degree of abstraction to analyze an economic problem.
e
Economics
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Describe two main differences between bonds and stocks
What will be an ideal response?
Economics
Frictional unemployment will always exist since
A) some workers will always want to make a job transition. B) the capitalist system promotes unemployment. C) mismatches in skills will always exist. D) the U.S. economy will continue to shrink.
Economics