menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Economics Today Study Set 1
  4. Exam
    Exam 1: The Nature of Economics
  5. Question
    Economic Models Are Used to
Solved

Economic Models Are Used to

Question 36

Question 36

Multiple Choice

Economic models are used to


A) simplify reality to predict outcomes.
B) exactly replicate reality.
C) predict all possible outcomes of a study.
D) determine the thoughts of individuals.

Correct Answer:

verifed

Verified

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

Related Questions

Q31: Economics is a<br>A) hard science.<br>B) physical science.<br>C)

Q32: The United States is best known as

Q33: The hypothesis that people are nearly, but

Q34: Individual decision making by consumers and producers

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

Q37: Given a linear curve, the value on

Q38: A macroeconomist would most likely study<br>A) the

Q39: "If event X occurs then event Y

Q40: Based on your understanding of your roommate's

Q41: Which of the following statements concerning the

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