Business

Business, 27.06.2019 08:30, jacquilynfoster7

Economists use , or a simplified representation of the real world. a. technology b. entrepreneurship c. tradeoffs d. economic models

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Chemistry, 30.06.2019 04:30, dwighthibbert56

Answer fast test ! models represent objects in the real world. how do models compare to real-world objects? a. most models are smaller than real-world objects. b. most models are exact copies of real-world objects. c. most models are more complex than the real-world object. d. most models represent a real-world object in a simpler way.

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Business, 23.07.2019 00:20, justincsh7238

Which of the following best describes how economists test the empirical predictions of economic models? a) economists survey individuals to learn about how people think through decisions about how much to purchase or to produce. b) based on theories about thought processes, economists seek to determine which thought processes predominate in determining how a person decides what actions to take. c) economists collect and analyze real-world observations of people's actions to discern if those actions accord with theories' predictions. d) recognizing that people always do what they say they will do, economists rely exclusively on information gleaned from polls and surveys conducted by poll takers and market researchers.

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Business, 04.09.2019 05:20, joseylynn2728

Economic modelsa. are people who act out the behavior of firms and households so that economists can study this behavior. b. are usually detailed replications of reality. c. incorporate simplifying assumptions that often contradict reality, but also economists better understand reality. d. are useful to researchers but not to teachers because economic models omit many details of the real-world economy.

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Business, 05.10.2019 13:10, chayaharroch03

One thing economists do to them understand how the real world works is a. make assumptions. b. ignore the past. c. try to capture every aspect of the real world in the models they construct. d. all of the above are correct.

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Economists use , or a simplified representation of the real world. a. technology b. entrepreneurship...

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