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.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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