Multiple Choice
Economic models are NOT used to
A) explain economic phenomena.
B) predict economic phenomena.
C) understand economic phenomena.
D) describe all economic phenomena in minute detail.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q59: A useful economic model<br>A) utilizes only the
Q66: "All Americans should have access to health
Q68: Economics is a social science that involves
Q70: The ceteris paribus assumption is important in
Q71: Which of the following is a positive
Q72: "If A occurs then B will follow"
Q73: Which one of the following is an
Q221: In an economic model, assumptions<br>A) must be
Q241: Economists assume people behave<br>A) instinctively.<br>B) rationally.<br>C) irrationally.<br>D)
Q290: Which of the following is NOT a