Useful Economic Models Have All of the Following Characteristics Except

question 73

Multiple Choice

Useful economic models have all of the following characteristics except:

• A)simplicity.
• B)abstractness.
• C)robustness.
• D)fruitfulness.

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Definitions:

Antidiscrimination Laws

Legislation designed to prevent discrimination on the basis of race, gender, religion, national origin, physical disability, or other protected characteristics.

Affirmative Action

Policies and practices designed to increase opportunities for historically underrepresented groups in various areas of society, including education and employment.

Melting Pot

A metaphor for a heterogeneous society becoming more homogeneous through the blending of different cultures, ethnicities, and nationalities.

Racial Perceptions

The ways in which people view and understand race, often influenced by societal norms, stereotypes, and personal experiences.