Why Do Economists Use Models

question 153

Multiple Choice

Why do economists use models?

• A) Models are used to add complexity to a simple world.
• B) Models allow us to study a simplified version of a complex world.
• C) Models allow us to control exogenous factors.
• D) Models make the world harder to understand.
• E) Models allow us to examine more factors than what actually exists in our world.

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Definitions:

Kamakura Period

A period in Japanese history (1185–1333) marked by the rule of the Kamakura shogunate, known for its cultural developments and the establishment of the samurai as a dominant class.

Shunjobo Chogen

A prominent Japanese Buddhist monk and architect in the 12th century, known for introducing innovative construction techniques and rebuilding the Todai-ji temple in Nara.

Yamato-e Painting

A classical Japanese style of painting that focuses on Japanese subjects, characterized by vibrant colors and detailed depictions of courtly and seasonal themes.

Bright Mineral Pigments

Natural minerals used to produce vivid colors in paintings and other artworks.