Regarding Economic Models, Which of the Following Statements Is NOT

question 169

Multiple Choice

Regarding economic models, which of the following statements is NOT true?

• A)An economic model is a simplified representation of a theory or part of a theory.
• B)An economic model can provide clear answers for policy makers.
• C)An economic model can clarify an important economic problem.
• D)An economic model can show three-variable diagrams.

---

Definitions:

Servo Motors

Motors that incorporate a feedback mechanism to control the speed and position accurately, commonly used in precision positioning tasks.

Open Communications Networks

Networks that support communication protocols which are publicly available and can be used across different platforms and devices.

Proprietary Protocol

A communication protocol developed by a specific company for exclusive use, often causing compatibility issues with other systems.

Industry Associations

Organizations founded and funded by businesses that operate in a specific industry to promote their collective interests, provide resources and advocate on their behalf.