Multiple Choice
Because models are used to explain economic behavior
A) the assumptions must be complex while the models themselves are simple.
B) models must be complex.
C) models must be simple.
D) models can be either simple or complex so long as it explains economic behavior.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: A decision made by a rational person<br>A)
Q3: Which of the following is a positive
Q4: A mixed economic system is best described
Q5: Economics is the study of how<br>A) people
Q6: Economic models are NOT used to<br>A) explain
Q7: In his book, An Inquiry into the
Q8: Macroeconomics deals with _ while microeconomics deals
Q9: Economic analysis is used<br>A) only by instructors
Q10: The assumption that people do NOT intentionally
Q11: Which of these social sciences deals most