12,13 than It was in Peru,Question 12Just like models constructed in other areas of science, economic modelsO avoid the use of diagrams and equationsO incorporate all details of the real world.complicate reality.O incorprate assumptions that contradict reality.Question 13The use of theory and observation is more difficult in economics than in sciences such asphysics due to the difficulty inperforming an experiment in an economic system.O analyzing available data.formulating theories about economic events.O applying mathematical methods to economic analysis.

* ANSWER :- (13) From the given information the answer is provided as below As per guidelines I…

Question 13 The use of theory and observation is more difficult in economics than in sciences such as physics due to the difficulty in O performing an experiment in an economic system. O analyzing available data. formulating theories about economic events. O applying mathematical methods to economic analysis.

Question 13 The use of theory and observation is more difficult in economics than in sciences such as physics due to the difficulty in O performing an experiment in an economic system. O analyzing available data. formulating theories about economic events. O applying mathematical methods to economic analysis.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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