True/False
An economic model,even if unrealistic,is useful as long as it makes predictions that are realistic.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q41: The economist assumes that people act in
Q42: Efficiency is one common criterion that economists
Q43: If a model is based on unrealistic
Q44: Provide economic explanations of the following puzzling
Q45: An economist uses a consumer's demand curve
Q47: Suppose the exact statements of the assumptions
Q48: A world in which most people are
Q49: An equilibrium in which each individual optimizes,taking
Q50: Pricing an option involves an application of
Q51: Which of the following is most likely