1. Business
  2. Economics
  3. 4 theories aim to select the correct answer below...

Question: 4 theories aim to select the correct answer below...

Question details

4) Theories aim to _____________.

Select the correct answer below:

a) create applied (or empirical) representations

b) take a complex, real-world issue and simplify it down to its essentials

c)implement a method to view the world through the same lens as other disciplines, such as anthropology and biology

d)build a physical model that sits on a tabletop

5)In command economies, decision-making is ______________.

Select the correct answer below:

a)determined by the market

b)centralized

c)decentralized

d)decided by familial or traditional skillsets

6) In which type of an economy do occupations stay in the family and people consume mostly what they produce?

Select the correct answer below:

a)Traditional economy

b)Command economy

c)Market economy

d)Underground economy

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution