« previous next »

Author Question: The basic purpose of economic models is to: a. construct simplifying assumptions about the real ... (Read 78 times)

yoooooman

  • Hero Member
  • *****
  • Posts: 557
on: Jun 30, 2018
The basic purpose of economic models is to:
 a. construct simplifying assumptions about the real world.
  b. explain reality in all its complexity.
  c. construct situations where controlled experiments can be carried out.
  d. provide explanations for, and predictions of the relationship between variables.

Question 2

Which of the following questions would not be studied by a microeconomist but would be studied by a macroeconomist?
 a. Why do national economies grow?
  b. What percentage of consumer income is spent on entertainment?
  c. Why do workers prefer the 4-day workweek?
  d. How is the electric industry harmed by the passage of new clean air legislation?


zhanghao

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

The horizontal fraction bar was introduced by the Arabs.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

The U.S. Preventive Services Task Force recommends that all women age 65 years of age or older should be screened with bone densitometry.

Real Femur Real Femur
Two models of sensory system organization: The former model was hierarchical, functionally ... Two models of sensory system organization: The former model was hierarchical, functionally ...
Basic structures of HIV. Basic structures of HIV.
economic economic
Models of the lac repressor and its binding to operator sites in DNA Models of the lac repressor and its binding to operator sites in DNA
Number line (real numbers) Number line (real numbers)
Video: Five phases of cardiac cycle & Atrial contraction

For a complete list of videos, visit our video library