Which of the following is NOT a characteristic of a typical positive economic model?
A) realistic assumptions
B) makes predictions that can be proven false
C) the assumption that people weigh the costs and benefits of their various alternatives
D) makes assumptions that ignore the complexity of behavior

Question

Quizplus · Accepted Answer

Positive economic models often use simplified assumptions that may not be entirely realistic to focus on key relationships and predict outcomes.

Which of the Following Is NOT a Characteristic of a Typical