Solved

One Reason That Economists Make Assumptions When Designing Models Is

Question 159

Multiple Choice

One reason that economists make assumptions when designing models is to


A) exclude variables that do not add predictive power to the model.
B) make models more like the real world.
C) make models more complex.
D) increase endogenous factors.
E) ensure that all possible factors are included.

Correct Answer:

verifed

Verified

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

Related Questions