Homework Soursewhich of the following is a key property of models all econo
which of the following is a key property of models? all economic models begin with assumptions
.com/student)PlayerTest.aspx?testid=17365or terwin yes 2 Econ 201 OL Winter 2018 Test: Midterm #1 This Question: 1 pt 2 of 50 (1 complete) Which of the following is a key property of models? All economic models begin with assumptions. A. 0 B. All models can be used for a limited time period only. O C. Empiricism is not essential for testing models. O D. All models are consistent and do not make incorrect predictions. xt br Click to select your answer Course Home) for more info on buying the printed book and eText Earned Earned 1 Spent 10 Solution
It has to be known that no model takes into consideration all the minute factors and with that there can be certain minute deviations from the accurate results. Therefore all the economic models have assumptions.
A. All models begin with assumptions is the answer
