What Is True About an Economic Model

question 122

Multiple Choice

What is true about an economic model?

• A)It is built on a series of assumptions.
• B)It establishes cause and effect between variables.
• C)It can make predictions that can be tested with empirical data.
• D)It could also be called an economic theory.
• E)It is built on a series of assumptions,it establishes cause and effect between variables,it can make predictions that can be tested with empirical data,and it could also be called an economic theory.

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