Solved

Which Statement About Economic Models Is Not True

Question 2

Multiple Choice

Which statement about economic models is not true?


A) Analytical models consist of a clear set of assumptions and conclusions that are drawn from them.
B) Economic models simplify reality because the economic reality is too complicated.
C) Economic models consist of exogenous variables which are the response to changes in endogenous variables.
D) Models are used in both theoretical and empirical work.
E) Economic models must be coherent to be effective.

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents