Assumptions in models tend to make
A) the model predict what the scientist wants the results to be.
B) the model more realistic.
C) the model more applicable to specific circumstances.
D) the model always predict the future accurately.
Correct Answer:
Verified
Q241: Economic models
A) must capture every detail or
Q242: What would lead an economist to conclude
Q243: Ceteris paribus means
A) all men are created
Q244: Behavioral economics deals with
A) the assumption that
Q245: The value of a model is determined
Q247: Which of the following is a behavioral
Q248: The combination of psychology and economics to
Q249: What is meant by saying that economics
Q250: Which of the expressions below best describes
Q251: By using the ceteris paribus assumption in
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