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

Author Question: When building a model, an economist must: a. adjust for exceptional situations. b. provide a ... (Read 68 times)

Diane

  • Hero Member
  • *****
  • Posts: 576
on: Jun 30, 2018
When building a model, an economist must:
 a. adjust for exceptional situations. b. provide a complete description of reality.
  c. make simplifying assumptions. d. develop a set of behavioral equations.

Question 2

A model (or theory):
 a. is a general statement about the causal relationship between variables based on facts.
  b. helps explain and predict the relationship between variables.
  c. when expressed as a downward (negatively) sloping graph implies an inverse relationship between the variables.
  d. all of these.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

carolinefletcherr

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


Diane

  • Hero Member
  • *****
  • Posts: 576
Reply #2 on: Jun 30, 2018
Correct answers!


carolinefletcherr

  • Sr. Member
  • ****
  • Posts: 313
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Standard Model of Elementary Particles Standard Model of Elementary Particles
Model for evidence-based clinical decision making. Model for evidence-based clinical decision making.
A model for DNA replication A model for DNA replication
Schematic of a mitochondrion and Computer model generated from electron tomograms of a mitochondrion Schematic of a mitochondrion and Computer model generated from electron tomograms of a mitochondrion
DPSIR Model DPSIR Model
The Steady State of the Solow Model The Steady State of the Solow Model
Video: Component of feedback systems & Communication and regulation of body systems

For a complete list of videos, visit our video library