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 20 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?

The top 10 most important tips that will help you grow old gracefully include (1) quit smoking, (2) keep your weight down, (3) take supplements, (4) skip a meal each day or fast 1 day per week, (5) get a pet, (6) get medical help for chronic pain, (7) walk regularly, (8) reduce arguments, (9) put live plants in your living space, and (10) do some weight training.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Watson and Crick and their model of the DNA double helix Watson and Crick and their model of the DNA double helix
Deforestation and increased road-building in the Amazon Rainforest are a significant concern because Deforestation and increased road-building in the Amazon Rainforest are a significant concern because
Heart Model Heart Model
Model of a Coincidence Detector Model of a Coincidence Detector
Basbaum and Fields’s (1978) model of the descending analgesia circuit. Basbaum and Fields’s (1978) model of the descending analgesia circuit.
The epigenetic stem cell model proposes that both epigenetic changes The epigenetic stem cell model proposes that both epigenetic changes
Video: Introduction to Sickle Cell Anemia

For a complete list of videos, visit our video library