Which Statement Does NOT Describe Model Building in Economics

question 201

Multiple Choice

Which statement does NOT describe model building in economics?

• A) Models are developed to cover specific behaviors only.
• B) Models are created and then tested.
• C) Models are used to help understand the general economy.
• D) Assumptions are used to analyze an economic issue.

---

Definitions:

QBO

Stands for QuickBooks Online, a cloud-based accounting software designed for small and medium-sized businesses.

Credit Card

A payment card issued by banks that allows users to borrow funds to pay for goods and services, with the promise to pay back the borrowed amount plus interest.

QBO

An abbreviation for QuickBooks Online, a cloud-based accounting software designed for small to medium-sized businesses to manage sales, expenses, and account tracking.

Internal Controls

Processes and procedures implemented by a business to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.