Economists tend to judge a model based upon A) the reality of ...

[stevenposner]

Economists tend to judge a model based upon
 
  A) the reality of its assumptions.
  B) the accuracy of its predictions.
  C) its simplicity.
  D) its complexity.

Question 2

Einstein was quoted saying Everything should be made as simple as possible, but not simpler. When it comes to economic models this means that
 
  A) models shouldn't be too complex.
  B) models shouldn't be too simple.
  C) models should have a level of abstraction appropriate to the topic investigated.
  D) All of the above.

[briseldagonzales]

Answer to Question 1

B

Answer to Question 2

D

[stevenposner]

Thank you

[briseldagonzales]

Happy to help you