Microeconomics: Principles, Applications, and Tools (8th Edition)

by O'Sullivan, Arthur; Sheffrin, Steven; Perez, Stephen

Published by Prentice Hall

ISBN 10: 0-13294-886-9

ISBN 13: 978-0-13294-886-9

Chapter 1 - Introduction: What Is Economics? - Exercises - 1.3 The Economic Way of Thinking - Page 14: 3.1 (1)

Answer

the earth is flat, distances and directions are perfectly scaled and consistent

Work Step by Step

A road map does not show the topography of the earth, making it appear as though it is depicting a flat area. A road map incorporates two unrealistic assumptions: (1) The earth is flat, and (2) distances and directions are perfectly scaled and consistent

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