Multiple Choice
Which of the following statements is TRUE?
A) No economic model captures every detail that affects a problem.
B) Economic models always make accurate predictions about behaviors.
C) Economic models must fully reflect reality.
D) Economic models use economists' opinions with no use of data.
Correct Answer:
Verified
Correct Answer:
Verified
Q89: Macroeconomics is concerned primarily with<br>A) large firms
Q90: To be useful, a model must<br>A) predict
Q91: Which of the following statements is FALSE?<br>A)
Q92: Economic theory predicts that people make choices
Q93: Which of the following statements is NOT
Q95: Which of the following is an example
Q96: "The U.S. government should not use my
Q97: What is economics and what does it
Q98: The idea that people will not consciously
Q99: Which of the following is a normative