Multiple Choice
What is the basis of a good economic theory?
A) It relies on simplifying assumptions in order to explain economic behaviour.
B) It does not rely on simplifying assumptions.
C) It includes every detail that affects the economic behaviour of interest.
D) It relies on conducting uncontrolled experiments.
Correct Answer:
Verified
Correct Answer:
Verified
Q32: How would an economist respond to the
Q84: What is implied by the expression, "There's
Q85: What type of science do most people
Q87: What is the basic difference between macroeconomics
Q89: Which of the following is likely to
Q90: Which of the following best illustrates the
Q91: The marginal benefits to Roberto of weekend
Q92: In markets, how is information about the
Q93: As defined by an economist, what does
Q142: Most disagreements among economists stem from normative