Which Expression Below Matches Most Closely the Way Economists Go

question 336

Multiple Choice

Which expression below matches most closely the way economists go about testing their models?

• A) "Consistency is the hobgoblin of small minds."
• B) "Seeing the results is the only way to know if you are right."
• C) "A bird in the hand is worth two in the bush."
• D) "In the long run, we are all dead."

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Definitions:

Information System

A system that includes data, people, procedures, hardware, and software that help in planning and decision making; a software-based solution used to gather and analyze information.

Expert Systems

A type of artificial intelligence program that uses knowledge and inferential rules to solve problems that would require human expertise.

Natural Language Processing

A branch of artificial intelligence that deals with the interaction between computers and humans using natural language.

Primary Key

A unique identifier for each record in a database table, which ensures that each entry is distinct from all others.