« previous next »

Author Question: The basic purpose of economic models is to a. construct simplifying assumptions about the real ... (Read 82 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?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

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.

Basic Food Group Choices for a 1,200 Calorie Eating Plan Basic Food Group Choices for a 1,200 Calorie Eating Plan
Population Density versus Economic Growth Population Density versus Economic Growth
Explain the assumptions that must be satisfied in order to validly use the one-way ANOVA ... Explain the assumptions that must be satisfied in order to validly use the one-way ANOVA ...
economic question economic question
economic question economic question
The purpose of mitosis is to take diploid cells and make two identical clones. A shows a simplified The purpose of mitosis is to take diploid cells and make two identical clones. A shows a simplified
Video: Hormonal feedback loop components

For a complete list of videos, visit our video library