Economic theories, or models, enable us to predict and to give ...

[joblessjake]

Economic theories, or models, enable us to predict and to give reasonable explanations regarding economic variables.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

A good economic model should capture as many details about real-world behavior as possible.
 a. True
  b. False
  Indicate whether the statement is true or false

[cloud]

Answer to Question 1

True

Answer to Question 2

False

[joblessjake]

Thanks for the timely response, appreciate it

[okolip]

Excellent