Question
economics make assumptions when building models

Economists make assumptions when building models: Select one: O a. With the goal of making the most realistic version of the
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Ans. c) In order to create a simplified version of the world that can be easily studied

Economists make assumptions when building models in order to help to simplify the process of analysis.

Add a comment
Know the answer?
Add Answer to:
economics make assumptions when building models Economists make assumptions when building models: Select one: O a....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Test 1-4 Part A 1. Scarcity as defined in economics: K. Occurs when there are not...

    Test 1-4 Part A 1. Scarcity as defined in economics: K. Occurs when there are not enough resources to produce all that a society desires L. Is a problem only faced by the Less Developed Countries (LDCs). M. Is not an issue for the affluent industrially-advanced nations. N. Refers to situations where the producer of a product is making its profit by creating fear. O. Refers to shortages of goods and services when the price level is too low 2....

  • 1. Which of the following would be considered more closely related to macroeconomics? A) a firm...

    1. Which of the following would be considered more closely related to macroeconomics? A) a firm deciding how many workers to hire. B) a household deciding how much to spend on groceries. C) a government economist forecasting the unemployment rate. D) a business trying to decide how much outuput to produce. - 2. Which of the following is an example of using the scientific method with a natural experiment? A) Measuring how long it takes a marble to fall from...

  • 15. Causes of market failure include a. externalities and market power. (b) market power and incorrect...

    15. Causes of market failure include a. externalities and market power. (b) market power and incorrect forecasts of consumer demand. c. externalities and foreign competition. d. incorrect forecasts of consumer demand and foreign competition. 16. Which of these consumption activities will most likely impose an external cost? a. An executive plays a vigorous game of golf. b. A student in a dorm plays her CDs at 120 decibels late at night. A young mother exercises to anaerobics video A construction...

  • Recursion and Trees Application – Building a Word Index Make sure you have read and understood...

    Recursion and Trees Application – Building a Word Index Make sure you have read and understood ·         lesson modules week 10 and 11 ·         chapters 9 and 10 of our text ·         module - Lab Homework Requirements before submitting this assignment. Hand in only one program, please. Background: In many applications, the composition of a collection of data items changes over time. Not only are new data items added and existing ones removed, but data items may be duplicated. A list data structure...

  • Clinical trials are usually conducted in phases that build on one another. Each phase is designed...

    Clinical trials are usually conducted in phases that build on one another. Each phase is designed to answer certain questions. Knowing the phase of the clinical trial is important because it can give you some idea about how much is known about the treatment being studied. There are pros and cons to taking part in each phase of a clinical trial. Phase I clinical trials: Is the treatment safe? Phase I studies of a new drug are usually the first...

  • Create a lesson plan from the following: CHAPTER 3 Learning and HRD 67 Learning is a...

    Create a lesson plan from the following: CHAPTER 3 Learning and HRD 67 Learning is a vital aspect of all HRD efforts. Whether you are training a carpenter's apprentice to use a specialized power tool, conducting a workshop o teach managers how to use discipline more effectively, trying to get meat- packers to understand and follow new safety procedures, or promoting career levelopment among your employees, your goal is to change behavion, knowl- es throwgh eaming. Supervisors and HRD professionals...

  • Hi there! I need to compare two essay into 1 essay, and make it interesting and...

    Hi there! I need to compare two essay into 1 essay, and make it interesting and choose couple topics which im going to talk about in my essay FIRST ESSAY “Teaching New Worlds/New Words” bell hooks Like desire, language disrupts, refuses to be contained within boundaries. It speaks itself against our will, in words and thoughts that intrude, even violate the most private spaces of mind and body. It was in my first year of college that I read Adrienne...

  • Risk management in Information Security today Everyday information security professionals are bombarded with marketing messages around...

    Risk management in Information Security today Everyday information security professionals are bombarded with marketing messages around risk and threat management, fostering an environment in which objectives seem clear: manage risk, manage threat, stop attacks, identify attackers. These objectives aren't wrong, but they are fundamentally misleading.In this session we'll examine the state of the information security industry in order to understand how the current climate fails to address the true needs of the business. We'll use those lessons as a foundation...

  • Hi can you help me make a summary about this short article and how it affects...

    Hi can you help me make a summary about this short article and how it affects me economically as US citizen ? Supported by Federal Shutdown’s Uneven Toll: Some Americans Are Devastated, Others ObliviousFederal Shutdown’s Uneven Toll: Some Americans Are Devastated, Others Oblivious “It has been terrible,” said Andrea Caviedes, a furloughed loan processor in the Agriculture Department’s rural development program.CreditMichael B. Thomas for The New York Times Image “It has been terrible,” said Andrea Caviedes, a furloughed loan processor...

  • can someone please help me with an introduction paragraph and a summary of the whole article....

    can someone please help me with an introduction paragraph and a summary of the whole article. us. Trump Didn't Kill the Global Trade System. He Split It in Two. Allies find relations modestly tweaked despite the president's rhetoric, while relations with China are entering a deep freeze By Greg Ip Dec. 26, 2018 1136 am. ET When Donald Trump entered the White House on a platform of defiant nationalism nearly two years ago, many feared he would dismantle the global...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT