« previous next »

Author Question: The basic purpose of economic models is to: a. construct simplifying assumptions about the real ... (Read 123 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?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Basic overview of energy and human life. Basic overview of energy and human life.
How Cities Develop: Models of Urban Growth How Cities Develop: Models of Urban Growth
Global Economic Relationships Global Economic Relationships
Math Joke: Be Rational, Get Real Math Joke: Be Rational, Get Real
Social Capability and Economic Growth Social Capability and Economic Growth
economic question economic question
Video: Splitting of Sugar, Oxidation/ Reduction & ATP Generation

For a complete list of videos, visit our video library