Multiple Choice
In choosing among alternative models,economists generally have the strongest preference for models that
A) have assumptions that are close to exact replicas of reality.
B) are detailed and complex,with every available fact and figure included.
C) have few assumptions and are as simple as possible,even if they cannot predict very well.
D) predict better than any other that is available.
E) have assumptions that are complicated.
Correct Answer:

Verified
Correct Answer:
Verified
Q45: Use the figure below to answer the
Q46: The Latin term ceteris paribus means<br>A)"Innocent until
Q47: Use the figure below to answer the
Q48: Use the figure below to answer the
Q49: Use the table below to answer the
Q51: Use the figure below to answer the
Q52: Use the figure below to answer the
Q53: The relationship between two variables that move
Q54: A good economic model<br>A)does not include more
Q55: Sue,who has a law degree,earns $200,000 a