Which of the following questions should a successful model predict?
i. Why, in general, do Americans have higher incomes than Africans?
ii. How much less unemployment is there during an economic expansion?
iii. Why does the United States have a lower unemployment rate than Europe?
A) i and ii
B) ii only
C) iii only
D) i, ii, and iii
E) i and iii

Question

Quizplus · Accepted Answer

A successful model should be able to predict and explain economic phenomena, including differences in income levels between regions (i), the impact of economic expansion on unemployment (ii), and differences in unemployment rates between regions or countries (iii).

Which of the Following Questions Should a Successful Model Predict