« previous next »

Author Question: Economists tend to judge a model based upon A) the reality of its assumptions. B) the accuracy ... (Read 112 times)

stevenposner

  • Hero Member
  • *****
  • Posts: 608
on: Jul 1, 2018
Economists tend to judge a model based upon
 
  A) the reality of its assumptions.
  B) the accuracy of its predictions.
  C) its simplicity.
  D) its complexity.

Question 2

Einstein was quoted saying Everything should be made as simple as possible, but not simpler. When it comes to economic models this means that
 
  A) models shouldn't be too complex.
  B) models shouldn't be too simple.
  C) models should have a level of abstraction appropriate to the topic investigated.
  D) All of the above.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Reply #1 on: Jul 1, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

stevenposner

  • Hero Member
  • *****
  • Posts: 608
Reply #2 on: Jul 1, 2018
Thank you :)


briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

The modern decimal position system was the invention of the Hindus (around 800 AD), involving the placing of numerals to indicate their value (units, tens, hundreds, and so on).

Did you know?

Eating carrots will improve your eyesight. Carrots are high in vitamin A (retinol), which is essential for good vision. It can also be found in milk, cheese, egg yolks, and liver.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Chest X-ray. A physician is examining chest X-rays with the aid of a plastic model of the bronchial Chest X-ray. A physician is examining chest X-rays with the aid of a plastic model of the bronchial
Eye Model Eye Model
Prevention programs for school based violence Prevention programs for school based violence
Postoperative hyperphagia and obesity in a rat with bilateral VMH lesions. (Based on Teitelbaum, ... Postoperative hyperphagia and obesity in a rat with bilateral VMH lesions. (Based on Teitelbaum, ...
Preschoolers imitate reality in their play Preschoolers imitate reality in their play
DNA double helix model DNA double helix model
Video: Introduction to Heart Attacks

For a complete list of videos, visit our video library