Each of the Following Statements About the Use of Models

question 15

Multiple Choice

Each of the following statements about the use of models in the study of economics is true EXCEPT:

• A) models fit the observed facts exactly.
• B) models are sometimes revised in light of new research findings.
• C) models are easier to manipulate than the reality they represent.
• D) models contain the essential features of the economic behavior being studied.

---

Definitions:

Muscular Tissue

A soft tissue found in animals which gives rise to muscles' ability to contract, thus enabling movement and force production in parts of the body.

Light Entering

The process of photons or light particles being absorbed or passing into a medium, initiating visual perception or photosynthesis.

Adjustable Ring

A ring designed to easily change size to fit different fingers without the need for resizing by a jeweler.

Signaling Molecules

Chemicals that are used by cells to communicate with each other, often responsible for transmitting signals from one cell to another across distances.