In order to understand when a model may not be accurate, which is not an important action to take?
A. Identify what important details were omitted when developing a model.
B. Make sure assumptions made in the model are clear and accurate.
C. Test the model for accuracy.
D. Make sure the model all includes all possible details.
D. Make sure the model all includes all possible details.
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Which of the following individuals is NOT counted as unemployed?
A) Jackie, who was recently fired and is now applying for another job B) Jennifer, who just graduated from college and is now seeking employment with the company of her dreams. C) Jamil, who recently quit his job and is looking for a new position D) Jack, who has become discouraged about ever finding a job and has stopped looking
Assume that the hourly price for the services of personal trainers has risen and sales of these services have also risen. One can conclude that
A) the demand for personal trainers has increased. B) personal trainers are deliberately charging high prices because they provide services for wealthy clients. C) the number of personal trainers has increased. D) the law of demand has been violated.
Other things the same, when the real exchange rate of the dollar appreciates, U.S. goods become more desirable to U.S. residents, but less desirable to foreign residents
a. True b. False Indicate whether the statement is true or false
What is the difference between inferior goods and normal goods
What will be an ideal response?