A difference between biology and economics is that
A) economists use models and biologists use theories.
B) biologists often use laboratory methods and economists do less often.
C) economics explains events while biology predict events.
D) biologists use the scientific method while economists do not.
Correct Answer:
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Q202: A characteristic of a good model is
Q207: Economics is called an empirical science because
A)economists
Q208: The hypothesis that people are nearly, but
Q210: "Ceteris paribus" assumption means
A)the role of rational
Q210: Models must
A) be able to yield useable
Q213: Which of the following statements is NOT
Q213: Economic models are NOT used to
A)explain economic
Q216: A good economic model
A) cannot be refuted.
B)
Q216: A model is used to explain economic
Q220: Which of the following best describes how
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