Model A is superior to model B if
A) it contains fewer unrealistic assumptions than model B.
B) it contains more real world detail than model B.
C) its predictions correspond more closely to the facts than the predictions of model B.
D) it is preferred by a majority of researchers in a public opinion poll.
E) it is scientifically "elegant."
Correct Answer:
Verified
Q82: Which of the following is an example
Q83: An economic model is tested by
A)examining the
Q84: Which of the following creates an incentive
Q85: "The rich should face higher income tax
Q86: A positive statement is
A)about what ought to
Q88: Which of the following is a positive
Q89: A normative statement is
A)about what is.
B)always false.
C)capable
Q90: "The rich face higher income tax rates
Q91: Complete the following sentence.Economic models
A)were first developed
Q92: A normative statement is a statement regarding
A)the
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