Answered: 27. Economists who develop models which…

27. Economists who develop models which they use to make predictions are engaged in a) micro economics b) empirical economics c) economic theory d) positive economics

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

27. Economists who develop models which they use to make predictions are engaged in

a) micro economics

b) empirical economics

c) economic theory

d) positive economics

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