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Author Question: When building a model, an economist must: a. adjust for exceptional situations. b. provide a ... (Read 61 times)

Diane

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on: Jun 30, 2018
When building a model, an economist must:
 a. adjust for exceptional situations. b. provide a complete description of reality.
  c. make simplifying assumptions. d. develop a set of behavioral equations.

Question 2

A model (or theory):
 a. is a general statement about the causal relationship between variables based on facts.
  b. helps explain and predict the relationship between variables.
  c. when expressed as a downward (negatively) sloping graph implies an inverse relationship between the variables.
  d. all of these.


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carolinefletcherr

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


Diane

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Reply #2 on: Jun 30, 2018
Correct answers!


carolinefletcherr

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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