Which of the Following Statements Concerning Economic Models Is FALSE

question 46

Multiple Choice

Which of the following statements concerning economic models is FALSE?

• A)Economic models must provide usable predictions.
• B)Economic models are based on pure fact and no assumptions.
• C)Economic models are tested empirically.
• D)Economic models relate to how people behave.

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Definitions:

Nerve Damage

This occurs when nerves are compressed, stretched, or severed, leading to pain, numbness, or weakness in the affected area, often as a result of injury or disease.

Savory

Relating to food that is salty or spicy rather than sweet, with a pleasant, appealing taste.

Tear Production

The process of secreting tears by the lacrimal glands, which is essential for eye health and emotion expression.