When building a model, an economist must:
a. adjust for exceptional situations. b. provide a complete description of reality.
c. make simplifying assumptions. d. develop a set of behavioral equations.
c
Economics
You might also like to view...
Over the last 100 years in the United States, unemployment reached its highest rate
A) in the 1920s. B) in the 1930s. C) in the 1980s. D) in the 1970s.
Economics
In public education, the value of the services provided is
A) greater than the value that parents and students place on the services. B) equal to the value that parents and students place on the services. C) less than the value that parents and students place on the services. D) zero since they are a public good.
Economics