If a model fits reality but doesn't generate testable predictions, it is of little value to economists
Indicate whether the statement is true or false
True . If the model doesn't deliver testable predictions, it cannot be tested against competing models.
Economics
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Refer to the scenario above. If the cost of advertising is negligible, what will the outcome of this game be?
A) Company A will advertise its products while Company B will not advertise. B) Company B will advertise while Company A will not advertise. C) Both the companies will advertise their products. D) Neither of the companies will advertise its products.
Economics
Which of the following is not a lagging indicator?
A. duration of unemployment B. stock prices C. outstanding commercial and industrial loans D. prime rate
Economics