Which of the Following Statements About Models Is Correct

question 201

Multiple Choice

Which of the following statements about models is correct?

• A)The more details a model includes,the better the model.
• B)Models assume away irrelevant details.
• C)Models cannot be used to explain how the economy functions.
• D)Models cannot be used to make predictions.

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Definitions:

Focus Groups

A qualitative research method involving small, diverse groups of people discussing specific topics of interest.

Quantitative Research

A systematic empirical investigation of observable phenomena via statistical, mathematical, or computational techniques to gather quantifiable data and express it numerically.

U.S. Census Bureau

A principal agency of the U.S. Federal Statistical System, responsible for producing data about the American people and economy.

Online Surveys

Tools or platforms used to collect data, opinions, or feedback from respondents over the Internet for research, marketing, or educational purposes.