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Author Question: Economic models are most useful in A) predicting changes in one variable due to a change in one ... (Read 42 times)

madam-professor

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Economic models are most useful in
 
  A) predicting changes in one variable due to a change in one or more other variables.
  B) predicting the direction of the stock market.
  C) explaining the future with the past.
  D) generating untestable hypotheses.

Question 2

If an important assumption is omitted from an economic model,
 
  A) the model's predictions will be accurate 50 of the time.
  B) the model's predictions will be inaccurate.
  C) the model will not predict anything.
  D) the model will be rejected by other economists.


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Shshxj

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madam-professor

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


robbielu01

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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