Solved

A Model Is Valid

Question 61

Multiple Choice

A model is valid


A) if it is based on human behavior.
B) if it is new.
C) if it has been around for many years.
D) if it can explains some observations or events.
E) only if it makes predictions perfectly.

Correct Answer:

verifed

Verified

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

Related Questions

Q56: An inverse relationship between two variables indicates

Q57: Economics is a study that<br>A)is never relevant

Q58: Explain why economics requires historical and philosophical

Q59: A mixed system is an economy with

Q60: Exhibit 2A-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 2A-5

Q62: Exhibit 2A-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 2A-3

Q63: There is total agreement in economics among

Q64: Exhibit 2-3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6906/.jpg" alt="Exhibit 2-3

Q65: If the quantity demanded of coffee increases

Q66: Economic models<br>A)are not complicated because the behavior