An economic model based in positive economics should be judged Select one: O A. by its ability to accurately capture and describe the many complex details of the real economy. O B. by the quality and quantity of its underlying assumptions. O C. by the accuracy of its predictions rather than by the accuracy of its assumptions. O D. on its ability to incorporate the idiosyncratic factors that typically characterize human interactions.
An economic model based in positive economics should be judged Select one: O A. by its ability to accurately capture and describe the many complex details of the real economy. O B. by the quality and quantity of its underlying assumptions. O C. by the accuracy of its predictions rather than by the accuracy of its assumptions. O D. on its ability to incorporate the idiosyncratic factors that typically characterize human interactions.
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter2: Choice In A World Of Scarcity
Section: Chapter Questions
Problem 20CTQ: During the Second World War, Germanys factories were decimated. It also suffered many human...
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![An economic model based in positive
economics should be judged
Select one:
O A. by its ability to accurately capture and
describe the many complex details of
the real economy.
O B. by the quality and quantity of its
underlying assumptions.
O C. by the accuracy of its predictions
rather than by the accuracy of its
assumptions.
O D. on its ability to incorporate the
idiosyncratic factors that typically
characterize human interactions.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6622b0f1-719e-4125-a6f2-a7834efef46f%2Ff8e438f3-4e23-44e0-943d-24c5704508ab%2Fsfcb4ut_processed.jpeg&w=3840&q=75)
Transcribed Image Text:An economic model based in positive
economics should be judged
Select one:
O A. by its ability to accurately capture and
describe the many complex details of
the real economy.
O B. by the quality and quantity of its
underlying assumptions.
O C. by the accuracy of its predictions
rather than by the accuracy of its
assumptions.
O D. on its ability to incorporate the
idiosyncratic factors that typically
characterize human interactions.
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