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Author Question: An economic model is useful if it a. includes every detail of reality b. involves no unproven ... (Read 29 times)

Marty

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on: Jul 1, 2018
An economic model is useful if it
 a. includes every detail of reality
  b. involves no unproven assumptions
  c. is expressed in equations
  d. makes accurate predictions
  e. is simple enough to be understood by a child

Question 2

Economics employs a scientific methodology. In part, this means that
 a. all economic laws have been proven true by laboratory tests
  b. there is a single economic theory accepted by all economists
  c. economic hypotheses are tested to determine their validity
  d. personal values never enter into economic policy recommendations
  e. assumptions are not necessary in economic science


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ally

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

C


Marty

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  • Posts: 553
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

irishcancer18

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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