People Respond to Economic Incentives.
WHat choices do individuals make? A statement that may be either correct or incorrect about an economic variable. When is a car cnsidered a capital good? Choices about uses of the factors of production. Upgrade to remove ads. The fair inn of economic benefits. This is awesome you took your the time to answer these questions.the policies are consistent with economic incentives. . A hypothesis in an economic model is. all of the Any model is based on making assumptions because. Developing an Economic Model. 1. Decide on the assumptions to use in the developing model. 2. Formulate a testable hypothesis. 3. Use economic data to test. A hypothesis in an economic model is a statement that ______ about an economic variable. A) is correct. B) is incorrect. C) may be either correct or incorrect.