What is NOT a common characteristic of economic models?
A) They are often built using the tools of mathematics.
B) They are useful to economists, but not to policymakers.
C) They include only the important features of an economy.
D) They are built using assumptions.
Correct Answer:
Verified
Q19: If an economist develops a theory about
Q20: What is a common thread between economics
Q21: Which of the following is an example
Q22: How do economists begin building an economic
Q23: What can good assumptions do?
A) cause economists
Q25: Which statement does NOT illustrate a characteristic
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
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