Which of the Following Is True of an Economic Model

question 48

Multiple Choice

Which of the following is true of an economic model or theory?

• A) Since models do not contain all the complexities of the real world, they are not an effective tool of analysis.
• B) Models are a simple analysis of the central, or essential, issues pertaining to an economic
• C) Economic models and theories are normative in nature.
• D) The use of economic models complicates the analysis of simple economic problems.

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Definitions:

Protein Reabsorption

The process, particularly within the kidneys, by which proteins filtered by the glomerulus are reabsorbed back into the bloodstream from the kidney tubules.

Homeostasis

A state of balance within the body's internal environment despite changes in the external environment.

Urea

A waste product formed in the liver from the breakdown of proteins and excreted in the urine, used as a measure of kidney function.