Successful models in any science must
A) be able to yield useable predictions.
B) be totally realistic in every detail.
C) be complete reproductions of the real world.
D) include every relationship that exists.
Correct Answer:
Verified
Q101: Which of the following is a normative
Q102: Which of the following is a positive
Q103: Positive economic analysis is said to be
A)true.
B)value
Q104: Economics is an empirical science because
A)economic analysis
Q105: If competing models are offered to explain
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
Q111: The usefulness of a model is determined
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