Which of the Following Statements Is True

question 346

Multiple Choice

Which of the following statements is true?

• A) No economic model captures every detail that affects a problem.
• B) Economic models always make accurate predictions about behaviors.
• C) Economic models must fully reflect reality.
• D) Economic models use economists' opinions with no use of data.

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Definitions:

Regulation S-K

A SEC regulation that outlines reporting requirements for various SEC filings used by public companies.

SEC

The Securities and Exchange Commission, a U.S. federal agency responsible for enforcing federal securities laws and regulating the securities industry.

Purpose

The purpose behind the creation or existence of something.

Securities Act of 1933

A U.S. law enacted to protect investors from fraudulent and misleading practices in the securities markets.