The usefulness of a model is determined by ________.
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q106: Successful models in any science must
A)be able
Q107: Economic models deal with
A)people's behaviour in responding
Q108: Economics is an empirical science,which means that
Q109: "If A occurs then B will be
Q110: To be useful,an economic model must
A)predict accurately
Q112: The economic model of crime
A)is not scientific
Q113: In economics,normative statements
A)do not use the ceteris
Q114: Normative economic statements
A)always contain value judgments.
B)violate the
Q115: Which of the following statements is an
Q116: An example of an economic model is
A)a
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