This topic contains a solution. Click here to go to the answer

Author Question: Why are math and graphics used in economic models?[br][br][b][color=#A83E49]Question ... (Read 49 times)

JGIBBSON

  • Hero Member
  • *****
  • Posts: 538
Why are math and graphics used in economic models?

Question 2

According to neuroeconomists, our logical brain knows we should spend as much as possible when we have money.
 a. True
  b. False
  Indicate whether the statement is true or false



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kaytorgator

  • Sr. Member
  • ****
  • Posts: 345
Answer to Question 1

Math and graphics used in economic models help us better understand the logic of rational choice, and they can often help us to avoid some mistakes of purely verbal reasoning. They can also suggest hypotheses to test against the data.

Answer to Question 2

False




JGIBBSON

  • Member
  • Posts: 538
Reply 2 on: Jun 30, 2018
Excellent


atrochim

  • Member
  • Posts: 331
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

For a complete list of videos, visit our video library