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 66 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?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

A cataract is a clouding of the eyes' natural lens. As we age, some clouding of the lens may occur. The first sign of a cataract is usually blurry vision. Although glasses and other visual aids may at first help a person with cataracts, surgery may become inevitable. Cataract surgery is very successful in restoring vision, and it is the most frequently performed surgery in the United States.

Bronchi Model Bronchi Model
Lock and Key Model Lock and Key Model
A typical OBD-II data link connector (DLC). The location varies with make and model and may even be ... A typical OBD-II data link connector (DLC). The location varies with make and model and may even be ...
Exceptional Children: An Introduction to Special Education Exceptional Children: An Introduction to Special Education
Cordilleran-Type Mountain Building Cordilleran-Type Mountain Building
Polyps of a reef-building coral Polyps of a reef-building coral
Video: Random alignment at Metaphase I Animation

For a complete list of videos, visit our video library