A good economic model
A) includes only those features of the world that are needed for the purpose at hand.
B) describes every aspect of the economic world, with no exception.
C) includes all those features of the world that can be described numerically.
D) should not include more than two variables.
Correct Answer:
Verified
Q176: A normative statement concerns
A) what is provable.
B)
Q177: Normative statements are statements about
A) what ought
Q178: Which of the following is a positive
Q179: Which of the following is a positive
Q180: Which of the following is a normative
Q182: When the president of the Bank of
Q183: Which of the following is a positive
Q184: When Susan makes the statement, ʺThe government
Q185: The statement that is a positive statement.
A)
Q186: ʺWhen OPEC increases the supply of oil
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents