What makes a model compelling?
A) its application
B) its simplicity
C) its predictions
D) its assumptions
Correct Answer:
Verified
Q26: How does a scientist make assumptions?
A) A
Q27: What happens when scientists make good assumptions?
A)
Q28: What is a circular-flow diagram?
A) a visual
Q29: Which statement best describes economic models?
A) They
Q30: What does a circular-flow diagram do?
A) It
Q32: In the simple circular-flow diagram, who are
Q33: What are the foundation stones from which
Q34: What are factors of production?
A) positive or
Q35: Which statement best describes economic models?
A) Economic
Q36: What do good economic models do?
A) They
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