An Economic Model Is

question 159

Multiple Choice

An economic model is

• A)useful if it predicts well, even if its assumptions are not realistic.
• B)tested by the Testing Committee of the Canadian Economic Association.
• C)tested by examining the realism of its assumptions.
• D)not useful unless it predicts with 100 percent accuracy.
• E)not useful because it simplifies real problems.

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Definitions:

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A right guaranteed by federal law, protected against infringement by the government or other individuals.

Hate Crime

Criminal acts motivated by bias or prejudice against the perceived race, religion, ethnicity, sexual orientation, or gender identity of the victim.

Bias

A tendency to lean in a certain direction, either in favor of or against a particular thing, person, or group, often in a way considered to be unfair.

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