Most economists consider a theory a good one if it predicts well.
Correct Answer:
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Q80: Economists believe that people respond in a
Q81: A good economic theory
A)has realistic assumptions
B)contains as
Q82: Macroeconomics is the study of
A)the behavior of
Q83: All economic models must involve simplifications because
A)economists
Q84: Economic theories are
A)useful because they are as
Q86: A rational decision maker will engage in
Q87: In macroeconomics, we analyze
A)all of the following
B)the
Q88: The basic purpose of economic models is
Q89: Economics employs a scientific methodology.In part, this
Q90: An economic model
A)always has a mathematical foundation
B)can
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