A Useful Economic Model

question 189

Multiple Choice

A useful economic model

• A)deals only with possibilities that actually occurred.
• B)makes only realistic assumptions.
• C)may make some unrealistic assumptions in order to simplify a complex reality.
• D)will avoid conclusions that have public policy implications, because economists do not make value judgments.

---

Definitions:

Inner City

A term often referring to the central area of a major city, typically characterized by high-density housing and infrastructure, often associated with social and economic challenges.

Abusive Partner

An individual in a relationship who engages in behaviors that physically, emotionally, or sexually harm their partner.

Assessment Question

A question designed to evaluate knowledge, skills, attitudes, or characteristics of an individual or group.

Different City

Refers to a city that is not the one currently being discussed or the one where the speaker or listener resides.