menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Principles of Economics
  4. Exam
    Exam 2: Thinking Like an Economist
  5. Question
    Economic Models
Solved

Economic Models

Question 138

Question 138

Multiple Choice

Economic models


A) cannot be useful if they are based on false assumptions.
B) were once thought to be useful, but that is no longer true.
C) must incorporate all aspects of the economy if those models are to be useful.
D) can be useful, even if they are not particularly realistic.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q50: One way to characterize the difference between

Q96: Among economic models,the circular-flow diagram is unusual

Q136: Who said,"The whole of science is nothing

Q137: Two variables that are negatively related will

Q139: A production possibilities frontier that is a

Q140: Robert McTeer,the former President of the Federal

Q141: An efficient outcome is one in which

Q143: Figure 2-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2178/.jpg" alt="Figure 2-6

Q228: Figure 2-11<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1272/.jpg" alt="Figure 2-11

Q235: Production is efficient if the economy is

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2026) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines