If the theory behind an economic model fits the data only moderately well, you would probably want to
A. use the theory to predict what would happen if the economic setting or economic policies change.
B. start from scratch with a new model.
C. enrich the model with additional assumptions.
D. restate the research question.
Answer:C
If the theory behind an economic model fits the data only moderately well, you would probably want to
A. use the theory to predict what would happen if the economic setting or economic policies change. B. start from scratch with a new model. C. enrich the model with additional assumptions. D. restate the research question.