Business, 30.09.2019 23:30 gokusupersaiyan12345

Which of the following best illustrates the application of the model-building process to economics?
a. on a sunday morning talk show, two economists with differing political agendas argue about the best way to solve the social security problem on a sunday morning talk show.
b. a labor economist notices that unemployment tends to be higher among teenagers than more experienced workers, develops a model, and gathers data to test the hypotheses in the model.
c. a ph. d. student in economics develops a plausible mathematical model of an industry for his dissertation, but there is no data to test the model.
d. economists come to believe that some economic models are true simply because prominent leading economists say they are true.

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 16:10

Martinez manufacturing applies overhead based on direct labor hours. the company estimates that their overhead for the year will be $180,000, and that they will use 72,000 direct labor hours. during the year, martinez manufacturing actually used 75,000 direct labor hours and actual overhead costs were $190,000. at the end of the year, manufacturing overhead was: overapplied by $2,500. overapplied by $10,000. underapplied by $2,500. underapplied by $10,000.

Answers: 2

Answer

Business, 21.06.2019 19:50

One investigating company tracked all credit card purchase during 2012 and measured two variables: (1) the type of credit card used (visa, mastercard, american express, or discover), and (2) the amount (in dollars) of each purchase. identify the level of each variable measured.

Answers: 1

Answer

Business, 22.06.2019 08:30

Hi inr 2002 class! i just uploaded a detailed study guide for this class. you can check-out a free preview by following the link below feel free to reach-out to me if you need a study buddy or have any questions. goodluck!

Answers: 1

Answer

Business, 22.06.2019 12:50

Salaries are $4,500 per week for five working days and are paid weekly at the end of the day fridays. the end of the month falls on a thursday. the accountant for dayton company made the appropriate accrual adjustment and posted it to the ledger. the balance of salaries payable, as shown on the adjusted trial balance, will be a (assume that there was no beginning balance in the salaries payable account.)

Answers: 1

Answer

You know the right answer?

Which of the following best illustrates the application of the model-building process to economics?...

Questions