Author Question: Economic theories, or models, enable us to predict and to give reasonable explanations regarding ... (Read 37 times)

joblessjake · **on:** Jun 30, 2018

Economic theories, or models, enable us to predict and to give reasonable explanations regarding economic variables.
a. True
b. False
Indicate whether the statement is true or false

Question 2

A good economic model should capture as many details about real-world behavior as possible.
a. True
b. False
Indicate whether the statement is true or false