The circular-flow diagram is an example of
A) a laboratory experiment.
B) an economic model.
C) a mathematical model.
D) All of the above are correct.
Correct Answer:
Verified
Q48: Which of the following statements is correct?
A)Few
Q49: Which of the following statements about models
Q50: Economists build economic models by
A)generating data.
B)conducting controlled
Q51: Economic models are built with
A)recommendations concerning public
Q52: Economic models
A)are people who act out the
Q54: Economic models
A)are not useful because they omit
Q55: Economic models
A)are constructed to mirror reality as
Q56: Which of the following statements about economic
Q57: Which of these statements about economic models
Q58: Economic models
A)cannot be useful if they are
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