An example of an economic model is
A) a predicted change in the price of a stock.
B) the rate of teenage unemployment.
C) an explanation of crime rates based on unemployment rates and prison sentences.
D) a forecast of next year's unemployment and inflation rates.
Correct Answer:
Verified
Q111: The usefulness of a model is determined
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
Q117: Select the positive economic statement from the
Q118: Good economic models
A)generate predictions that cannot be
Q119: Which of the following statements about differences
Q120: "No Canadian should have to live on
Q121: Normative economic analysis always involves
A)positive analysis.
B)objective descriptions
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