The primary problem with heuristic models is that:
A. they are too deductive.
B. they are not very convincing.
C. they do not include enough mathematics.
D. it is hard to test their validity.
Answer: D
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Poorly performing financial markets can be the cause of
A) wealth. B) poverty. C) financial stability. D) financial expansion.
Since 1990, the growth rate of real gross private investment in the United States has been relatively ________ and the growth rate of real personal consumption has been relatively ________
A) stable; stable B) stable; volatile C) volatile; stable D) volatile; volatile
Which of the following must be in place for the Coase theorem to work?
a. A pollution charge placed on specific amounts of pollution b. A marketable permit program c. Strongly defined private property rights d. Specific types of technology used
Historically, realists have viewed competition over resources as
a. a major cause of war. b. a method for solving collective action problems. c. an exploitation of developing countries. d. a way for poor nations to raise their standard of living.