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Home Q & A Board Other Fields Homework Help Business Economics
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AndrewKraus AndrewKraus
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7 years ago
Which of the following statements is true?
A) Models that economists use are perfect replicas of reality.
B) The scientific method used by economists is based on idealism and not empiricism.
C) Models help economists to explain the past, but do not help in predicting the future.
D) Testing with data enables economists to distinguish between good models and bad models.
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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SimplemanSimpleman
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7 years ago
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AndrewKraus Author
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#2
7 years ago
Excellent answer, thx
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