Multiple Choice
Economists tend to judge a model based upon
A) the reality of its assumptions.
B) the accuracy of its predictions.
C) its simplicity.
D) its complexity.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q47: The purpose of making assumptions in an
Q48: Most modern financial centers use computers to
Q49: In Faraway country,every citizen receives a birthday
Q50: Billy developed an economic model to describe
Q51: Which choice below illustrates the tradeoff faced
Q53: One million automobiles have a defect that
Q54: A microeconomic model CANNOT be used to<br>A)
Q55: Governments may use microeconomic models to study
Q56: Economic policy of the government is often
Q57: If a model fits reality but doesn't