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The role of an assumption in an economic theory is to: (Points : 1) add realism. prove the theory. cover special cases. simplify the theory.
The role of an assumption in an economic theory is to simplify the theory. people.westminstercollege.edu/.../TEST%20%231%20wi.
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User: The role of an assumption in an economic theory is to: (Points : 1) add realism. prove the theory. cover special cases. simplify the theory.





Weegy: The role of an assumption in an economic theory is to simplify the theory. people.westminstercollege.edu/.../TEST%20%231%20wi.
Expert answered|selymi|Points 11391|

User: What is an expression that best states the ideas of opportunity cost?

Weegy: "There is no such thing as a free lunch."best states the ideas of opportunity cost
Expert answered|selymi|Points 11391|

User: What is a role of an assumption in an economic theory is to do what?

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Asked 9/15/2013 9:19:11 AM
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What is profit and losses? User: Specialization and trades are beneficial to society because of what?
Weegy: Specialization and trade are beneficial to society because the output of economic goods may be increased with no increase inresources, scarce resources are utilized more efficiently, a division of labour lowers prices for products. [ " If you gave me the choices it should be all of the above.. " ] User: What in a capitalistic economy? Weegy: A capitalistic economy is an economy in which the working class freely give away their money for material goods, where as those that receive the money use them for such philanthropic ventures such as self cleaning SUV's, robot butlers, [ and women of the night. ] User: Which is a factor or production, money, interest, rent, and capital? Weegy: money (More)
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Asked 9/15/2013 9:27:44 AM
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How does this make sense using supply and demand in a market in equilibrium?
Weegy: he logic of the model of demand and supply is simple. The demand curve shows the quantities of a particular good or service that buyers will be willing and able to purchase at each price during a specified period. [ The supply curve shows the quantities that sellers will offer for sale at each price during that same period. By putting the two curves together, we should be able to find a price at which the quantity buyers are willing and able to purchase equals the quantity sellers will offer for sale. ] (More)
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Asked 9/17/2013 8:48:11 PM
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