Which of the Following Is Not Correct About Most Economic

question 63

Multiple Choice

Which of the following is not correct about most economic models?

• A)They are composed of equations and diagrams.
• B)They contribute very little to economists' understanding of the real world.
• C)They omit many features of the real-world economy.
• D)In constructing models,economists make assumptions.

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Definitions:

Macula

A small, specialized area on the retina responsible for sharp, detailed central vision.

Utricle

A part of the inner ear involved in sensing linear accelerations and head-tilts in the horizontal plane, contributing to balance and spatial orientation.

Semicircular Canals

Structures in the inner ear that are part of the vestibular system, helping to control balance and spatial orientation by detecting rotational movements.

Maculae

Specialized structures in the vestibular system of the inner ear, involved in sensing linear acceleration and gravity.