Abstract Economic Models Whose Assumptions and Conclusions Are Essentially Untestable

question 19

Multiple Choice

Abstract economic models whose assumptions and conclusions are essentially untestable are still useful because they

• A) indicate what data should be collected in the future.
• B) develop economists' intuition for more complex situations.
• C) can be illustrated using simple graphical techniques.
• D) capture the detail of realistic situations without any simplifying hypotheses.

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Definitions:

Panel Interview

An interview in which a board of interviewers questions and observes a single candidate.

Interview Scores

Numerical or qualitative assessments derived from candidate interviews, used to evaluate and compare job applicants.

Selection Procedures

The methods and processes used by organizations to choose the most suitable candidates for a job from a pool of applicants.

Validity

The accuracy and reliability of a test or measurement.