« previous next »

Author Question: The basic purpose of economic models is to: a. construct simplifying assumptions about the real ... (Read 119 times)

yoooooman

  • Hero Member
  • *****
  • Posts: 557
on: Jun 30, 2018
The basic purpose of economic models is to:
 a. construct simplifying assumptions about the real world.
  b. explain reality in all its complexity.
  c. construct situations where controlled experiments can be carried out.
  d. provide explanations for, and predictions of the relationship between variables.

Question 2

Which of the following questions would not be studied by a microeconomist but would be studied by a macroeconomist?
 a. Why do national economies grow?
  b. What percentage of consumer income is spent on entertainment?
  c. Why do workers prefer the 4-day workweek?
  d. How is the electric industry harmed by the passage of new clean air legislation?


zhanghao

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

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?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

The basic structure of a spermatozoon (SPERM). The basic structure of a spermatozoon (SPERM).
All computer systems perform four basic functions: input, processing, storage, and output. All computer systems perform four basic functions: input, processing, storage, and output.
economic economic
economic question economic question
economic question economic question
economic question economic question
Video: Protein digestion - stomach & small intestine

For a complete list of videos, visit our video library