Question

Question :
Which of the following statements is false?
An economic model is a theory based on kev variables and expressed in forma
terms
b) An economic model is tested by seeing how accurate its predictions are
Testing economic models is rarely tricky
3) The words 'ceteris paribus' mean other things remaining the same​

Answer 1

Number 2) is false. i.e.,aAn economic model is tested by seeing how accurate it's predictions are.