menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Today
  4. Exam
    Exam 1: The Nature of Economics
  5. Question
    In Constructing Models, Economists
Solved

In Constructing Models, Economists

Question 240

Question 240

Multiple Choice

In constructing models, economists


A) include all independent variables.
B) include all available information.
C) attempt to duplicate the real world.
D) make simplifying assumptions.

Correct Answer:

verifed

Verified

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

Related Questions

Q18: Behavioral economics deals with<br>A) the assumption that

Q35: Economists develop models to<br>A) capture every detail

Q176: Which of the following is an aggregate?<br>A)

Q204: A positive economic statement is one that<br>A)

Q235: Positive statements can contain<br>A)opinions and conditions.<br>B)facts and

Q236: Underlying economic theory is the idea that<br>A)people

Q244: The impact of an increase in the

Q245: The assumption that nothing changes except the

Q269: The value of a model is determined

Q323: Professor's economics students are constructing models for

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines