This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: An economic model is useful if it a. includes every detail of reality b. involves no unproven ... (Read 45 times)

Marty

  • Hero Member
  • *****
  • Posts: 553
on: Jul 1, 2018
An economic model is useful if it
 a. includes every detail of reality
  b. involves no unproven assumptions
  c. is expressed in equations
  d. makes accurate predictions
  e. is simple enough to be understood by a child

Question 2

Economics employs a scientific methodology. In part, this means that
 a. all economic laws have been proven true by laboratory tests
  b. there is a single economic theory accepted by all economists
  c. economic hypotheses are tested to determine their validity
  d. personal values never enter into economic policy recommendations
  e. assumptions are not necessary in economic science


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ally

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

C


Marty

  • Member
  • Posts: 553
Reply 2 on: Jul 1, 2018
Wow, this really help

jamesnevil303

  • Member
  • Posts: 337
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

Although the Roman numeral for the number 4 has always been taught to have been "IV," according to historians, the ancient Romans probably used "IIII" most of the time. This is partially backed up by the fact that early grandfather clocks displayed IIII for the number 4 instead of IV. Early clockmakers apparently thought that the IIII balanced out the VIII (used for the number 8) on the clock face and that it just looked better.

Did you know?

Computer programs are available that crosscheck a new drug's possible trade name with all other trade names currently available. These programs detect dangerous similarities between names and alert the manufacturer of the drug.

Kidney Anatomy model Kidney Anatomy model
DNA detail structure DNA detail structure
Lock and Key Model Lock and Key Model
Charles and Ray Eames, Side Chair, Model DCM. Charles and Ray Eames, Side Chair, Model DCM.
Tangential flow filtration model Tangential flow filtration model
Model of GABA - receptor chloride channel Model of GABA - receptor chloride channel
Video: Causes of Acne

For a complete list of videos, visit our video library