A Good Economic Model

question 313

Multiple Choice

A good economic model

• A) utilizes only the two most important factors to analyze the problem under consideration.
• B) generates statements that are incapable of refutation.
• C) represents every detail of the real world.
• D) yields usable predictions and implications for the real world.

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Definitions:

Left Brain

The hemisphere of the brain that is often associated with analytical and logical processes, including language, math, and reasoning skills.

Right Brain

Refers to the right hemisphere of the brain, often associated with creative thinking, intuition, and artistic skills.

Logical

Pertaining to or based on the principles of logic, involving clear and coherent reasoning.

Right Hemisphere

The right half of the brain, responsible for visual and spatial processing, recognition of faces, and processing of music and art, among other functions.