menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Economics Study Set 8
  4. Exam
    Exam 2: Observing and Explaining the Economy
  5. Question
    A Model Is Valid If
Solved

A Model Is Valid If

Question 50

Question 50

Multiple Choice

A model is valid if


A) it is based on human behavior.
B) it is new.
C) it has been around for many years.
D) observations can be explained by it.
E) it incorporates asymmetric information.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q2: Economic models need to resemble, as much

Q18: What is the difference between microeconomics and

Q46: If we observe that an increase in

Q47: Two variables are correlated if<br>A)they both move

Q52: Economics is the only science concerned with

Q53: The relative price of gasoline has increased

Q59: A mixed system is an economy with

Q87: Explain how economic models are similar to

Q96: When economists explain the relationship between the

Q139: A system in which the government essentially

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines