This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Economic theories are a. useful because they are as exact as theories in the physical sciences b. ... (Read 65 times)

nenivikky

  • Hero Member
  • *****
  • Posts: 516
on: Jul 1, 2018
Economic theories are
 a. useful because they are as exact as theories in the physical sciences
  b. useless because they are based on abstractions
  c. useful because they allow us to make predictions
  d. too complex to understand because they include all of reality
  e. useful in predicting events only if their assumptions are realistic

Question 2

An economic model
 a. omits critical elements
  b. must be presented in mathematical terms
  c. simplifies reality in order to focus on its essential elements
  d. can never be proven wrong if its assumptions are realistic
  e. produces poor predictions if it includes an unrealistic assumption


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

makaylafy

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jul 1, 2018
Answer to Question 1

C

Answer to Question 2

C


nenivikky

  • Member
  • Posts: 516
Reply 2 on: Jul 1, 2018
Excellent

skipfourms123

  • Member
  • Posts: 343
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Because of the high physical activity and the amount of energy expended by the brains of 2- to ... Because of the high physical activity and the amount of energy expended by the brains of 2- to ...
economic question economic question
economic question economic question
economic question economic question
economic question economic question
Video: Smoking Cessation

For a complete list of videos, visit our video library