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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