« previous next »

Author Question: The basic purpose of economic models is to a. construct simplifying assumptions about the real ... (Read 61 times)

ashley

  • Hero Member
  • *****
  • Posts: 584
on: Jul 1, 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. collect empirical data to support the facts
  d. construct situations where controlled experiments can be carried out
  e. provide explanations for, and predictions of, economic events

Question 2

A good economic theory
 a. has realistic assumptions
  b. contains as much detail as possible
  c. cannot be proven false
  d. predicts well
  e. can only be presented in mathematical terms


AISCAMPING

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

ashley

  • Hero Member
  • *****
  • Posts: 584
Reply #2 on: Jul 1, 2018
Thank you :)


AISCAMPING

  • Sr. Member
  • ****
  • Posts: 347
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

GOALS OF THEORETICAL NURSING MODELS GOALS OF THEORETICAL NURSING MODELS
Basic Design of the Driving and Cell Phone Distraction Experiment Basic Design of the Driving and Cell Phone Distraction Experiment
Examples of Basic-Level, Subordinate, and Superordinate Concepts Examples of Basic-Level, Subordinate, and Superordinate Concepts
Structural models of kinesin I and cytoplasmic dynein Structural models of kinesin I and cytoplasmic dynein
economic question economic question
Locate the following places by reference number on the map:Key Locales of Political, Economic, ... Locate the following places by reference number on the map:Key Locales of Political, Economic, ...
Video: Natural Selection, Species Isolation and Real World Example

For a complete list of videos, visit our video library