An Economic Model Is

question 185

Multiple Choice

An economic model is

• A) a generalization that summarizes all the normative assumptions we make about a particular issue.
• B) a description of some aspect of the economic world that includes only those features of the world that are needed for the purpose at hand.
• C) a statement that describes how the world should be.
• D) a collection of facts that describe the real world.

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Definitions:

Hypertension Prevalence

The proportion of a population that has high blood pressure at a given time.

Racial Group

A group of people identified or classified together based on common genetic lineage, which often relates to physical characteristics and sometimes cultural, linguistic, or historical factors.

Hepatojugular Reflux

An increase in jugular vein pressure observable when pressure is applied to the liver, indicative of congestive heart failure or other cardiac issues.