A Good Economic Model

question 111

Multiple Choice

A good economic model

• A)includes only those features of the world that are needed for the purpose at hand.
• B)includes only features of the world that can be described numerically.
• C)does not include more than two variables.
• D)includes more than two variables but less than 10 variables.
• E)describes all aspects of the economic world.

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Definitions:

Humpback

A condition, also known as kyphosis, where there is an excessive outward curve of the spine, causing a hunched back.

Kyphosis

A forward rounding of the back, leading to a hunched posture, which can be due to various medical conditions.

External Auditory Meatus

The ear canal, a pathway running from the outer ear to the middle ear.

Temporal Bone

The temporal bone is a large bone at the side and base of the skull, which houses the structures of the ear.