Multiple Choice
Which of the following statements is FALSE?
A) Economists empirically test their models.
B) Economic models are not used to make predictions.
C) An economic model should capture only the key relationships that are sufficient to analyze the particular problem being studied.
D) Economic models relate to behavior rather than to individual thought processes.
Correct Answer:
Verified
Correct Answer:
Verified
Q86: A map is an example of a
Q87: The ceteris paribus assumption is important in
Q88: Normative economic statements<br>A) are statements of "what
Q89: Macroeconomics is concerned primarily with<br>A) large firms
Q90: To be useful, a model must<br>A) predict
Q92: Economic theory predicts that people make choices
Q93: Which of the following statements is NOT
Q94: Which of the following statements is TRUE?<br>A)
Q95: Which of the following is an example
Q96: "The U.S. government should not use my