Is It Possible to Express an Economic Model in Words

question 144

Multiple Choice

Is it possible to express an economic model in words without diagrams?

• A)No, models can only be stated in diagrams.
• B)No, the very definition of model requires mathematical form.
• C)Yes, some of the simplest models are verbal statements.
• D)Yes, although the best models always use diagrams.
• E)Uncertain, economic theory has not answered this question yet.

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Definitions:

Discrimination

involves unfair or prejudicial treatment of individuals based on characteristics such as race, age, gender, etc.

Oppression

The systemic and pervasive exercise of power or authority that results in the cruel or unjust treatment of individuals or groups.

Discrimination

Unfair or prejudicial treatment of different categories of people or things, especially on the grounds of race, age, or sex.

Bigotry

Intolerance toward those who hold different opinions from oneself, often manifesting in prejudice and discrimination.