The value of a model is determined by

A. the usefulness of its predictions in the real world.
B. the realism of its assumptions.
C. the extent of the profit earned by applying it.
D. the model's attention to real world details.


Answer: A

Economics

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Suppose there was a substantial increase in political instability in the rest of the world. What would be the effects on the U.S. current account? Explain

What will be an ideal response?

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According to the text, today's Lorenz curve is

A) a straight line. B) a vertical line. C) more bowed than in 1929. D) less bowed than in 1929.

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All of the following are reasons why the wages of workers and the prices of inputs rise more slowly than the prices of final goods and services except

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