Author Question: Economic theory a. expresses normative values b. invents imaginative and interesting stories c. ... (Read 67 times)

clmills979

  • Hero Member
  • *****
  • Posts: 551
Economic theory
 a. expresses normative values
  b. invents imaginative and interesting stories
  c. predicts the behavior of a specific economic decision maker after an economic change
  d. predicts the average behavior of a group of similar economic decision makers after an economic change
  e. uses only perfect and complete information

Question 2

A model that sometimes makes incorrect predictions may be used by economic decision makers
 a. under no circumstances
  b. only if its assumptions are detailed and realistic
  c. if it is mathematical and computerized
  d. if it is simple enough for a child to understand
  e. until a better model is developed



raenoj

  • Sr. Member
  • ****
  • Posts: 340
Answer to Question 1

D

Answer to Question 2

E



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Atropine, along with scopolamine and hyoscyamine, is found in the Datura stramonium plant, which gives hallucinogenic effects and is also known as locoweed.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

A recent study has found that following a diet rich in berries may slow down the aging process of the brain. This diet apparently helps to keep dopamine levels much higher than are seen in normal individuals who do not eat berries as a regular part of their diet as they enter their later years.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

For a complete list of videos, visit our video library