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 19 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

alvinum

  • Member
  • Posts: 317
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Every flu season is different, and even healthy people can get extremely sick from the flu, as well as spread it to others. The flu season can begin as early as October and last as late as May. Every person over six months of age should get an annual flu vaccine. The vaccine cannot cause you to get influenza, but in some seasons, may not be completely able to prevent you from acquiring influenza due to changes in causative viruses. The viruses in the flu shot are killed—there is no way they can give you the flu. Minor side effects include soreness, redness, or swelling where the shot was given. It is possible to develop a slight fever, and body aches, but these are simply signs that the body is responding to the vaccine and making itself ready to fight off the influenza virus should you come in contact with it.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Asthma cases in Americans are about 75% higher today than they were in 1980.

Heart Model Heart Model
A typical beginning technician tool set that includes the basic tools to get started. A typical beginning technician tool set that includes the basic tools to get started.
A model of transcription initiation as deduced from the crystal structure of TFIIB complexed A model of transcription initiation as deduced from the crystal structure of TFIIB complexed
economic question economic question
The Gene Expression Machine Model for Coupling The Gene Expression Machine Model for Coupling
A model for C-to-U RNA editing A model for C-to-U RNA editing
Video: Mendel's Principles of Dominance, Segregation and Independent Assortment

For a complete list of videos, visit our video library