An economic model includes
A) only normative statements.
B) no use of marginal concepts.
C) all known details in order to increase its accuracy.
D) only details considered essential.
Correct Answer:
Verified
Q183: A good economic model
A) describes every aspect
Q184: Which of the following is a normative
Q185: Which of the following is a normative
Q186: An economic model is
A) a generalization that
Q187: "Government should act to reduce poverty levels."
A)
Q189: Which of the following is a normative
Q190: Mark Zuckerberg believes everyone in the world
Q191: Normative statements are statements about
A) prices.
B) quantities.
C)
Q192: Economic models
A) are essentially different from those
Q193: Which of the following is a normative
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