An economic model:
A) cannot be rejected.
B) cannot be tested.
C) always yields accurate predictions.
D) is valid if the evidence is consistent with the predictions.
Correct Answer:
Verified
Q45: Someone notices that sunspot activity is high
Q46: Economists:
A) never use data and tables.
B) never
Q47: If the price of textbooks rises and
Q48: The statement: 'John buys more of good
Q49: An economic theory claims that a rise
Q51: Normative statements:
A) can always be tested.
B) are
Q52: Positive economics is a/an:
A) reflection of individual
Q53: To abstract from reality in an economic
Q54: An economic model is:
A) focused on all
Q55: A positive economic statement is:
A) an opinion
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