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Home Q & A Board Other Fields Homework Help Business Economics
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akempire akempire
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A year ago
An economic model that contains a highly realistic set of assumptions is

▸ necessarily better able to predict the future.

▸ certainly superior to a model whose assumptions are somewhat unrealistic.

▸ useful because there is then very little difference between "theory" and "reality."

▸ more abstract than a model whose assumptions are further removed from reality.

▸ not likely to be useful because of its particularized nature and its complexity.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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kyuhalee1kyuhalee1
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A year ago
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akempire Author
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A year ago
Brilliant ツ
amandamraz
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This site is awesome
jamiebonf99
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Smart ... Thanks!
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