Which of These Statements About Economic Models Is Correct

question 178

Multiple Choice

Which of these statements about economic models is correct?

• A)For economists,economic models provide insights about the world.
• B)Economic models are built with assumptions.
• C)Economic models are often composed of equations and diagrams.
• D)All of the above are correct.

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Definitions:

Drupe

A type of fruit with a single seed or pit, surrounded by a fleshy outer part, examples include peaches, cherries, and plums.

Seed Coat

The outer protective layer of a seed that surrounds the embryo and provides defense against physical damage and disease.

Aggregate

A whole formed by combining several elements; often used to describe composite materials or sum totals in statistical analysis.

Free Carpels

Free carpels are individual units of the pistil in flowering plants that are not fused together, each containing one or more ovules from which seeds develop.