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Author Question: An economic model a. always has a mathematical foundation b. can never be proven wrong c. can be ... (Read 82 times)

SGallaher96

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on: Jul 1, 2018
An economic model
 a. always has a mathematical foundation
  b. can never be proven wrong
  c. can be constructed for an individual economic unit but not for the economy as a whole
  d. is a simplification of the real world
  e. can be constructed for the economy as a whole but not for an individual economic unit

Question 2

Theory seeks to
 a. simplify a complex reality
  b. confront reality in all its complexity by focusing on the unique aspects of each phenomenon
  c. explain phenomena without predicting them
  d. predict phenomena without explaining them
  e. distort reality in order to improve forecasting ability


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Tabitha_2016

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

A


SGallaher96

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

AISCAMPING

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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