This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Economic theories are a. useful because they are as exact as theories in the physical sciences b. ... (Read 55 times)

nenivikky

  • Hero Member
  • *****
  • Posts: 516
on: Jul 1, 2018
Economic theories are
 a. useful because they are as exact as theories in the physical sciences
  b. useless because they are based on abstractions
  c. useful because they allow us to make predictions
  d. too complex to understand because they include all of reality
  e. useful in predicting events only if their assumptions are realistic

Question 2

An economic model
 a. omits critical elements
  b. must be presented in mathematical terms
  c. simplifies reality in order to focus on its essential elements
  d. can never be proven wrong if its assumptions are realistic
  e. produces poor predictions if it includes an unrealistic assumption


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

makaylafy

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

C

Answer to Question 2

C


nenivikky

  • Member
  • Posts: 516
Reply 2 on: Jul 1, 2018
Wow, this really help

Dnite

  • Member
  • Posts: 297
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Did you know?

Human stomach acid is strong enough to dissolve small pieces of metal such as razor blades or staples.

Did you know?

Chronic necrotizing aspergillosis has a slowly progressive process that, unlike invasive aspergillosis, does not spread to other organ systems or the blood vessels. It most often affects middle-aged and elderly individuals, spreading to surrounding tissue in the lungs. The disease often does not respond to conventionally successful treatments, and requires individualized therapies in order to keep it from becoming life-threatening.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Economic and Social Development Economic and Social Development
Economic activity as viewed by environment and ecological economists Economic activity as viewed by environment and ecological economists
IPCC economic scenarios IPCC economic scenarios
Physical and indirect aggression of boys and girls across childhood Physical and indirect aggression of boys and girls across childhood
economic question economic question
economic question (having trouble) economic question (having trouble)
Video: Cytotoxic T cell receptors, activation, proliferation, differentiation & action

For a complete list of videos, visit our video library