An economic theory is also known as an economic
A) model.
B) prediction.
C) conclusion.
D) assumption.
Correct Answer:
Verified
Q199: Which of the following is an example
Q200: Mary says she plans to return to
Q201: To be useful, a model must
A) predict
Q202: A characteristic of a good model is
Q203: According to the bounded rationality hypothesis, an
Q205: When constructing economic models, economists are more
Q206: Which of these social sciences deals most
Q207: A difference between biology and economics is
Q208: The hypothesis that people are nearly, but
Q209: Economic models are NOT used to
A) explain
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