An Economic Model That Sometimes Makes Incorrect Predictions May Be

question 67

Multiple Choice

An economic model that sometimes makes incorrect predictions may be used by economic decision makers:

• A)under no circumstances.
• B)only if its assumptions are detailed and realistic.
• C)if it is mathematical and computerized.
• D)if it is simple enough for a child to understand.
• E)until a better model is developed.

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Definitions:

Eating Habits

The patterns and practices associated with how organisms, especially humans, consume food, significantly impacting health, culture, and society.

Mollusks

Invertebrate animals with soft, unsegmented bodies, many of which have shells, such as snails and clams.

Largest Brain

Refers to the organism with the largest brain in comparison to its body size or in absolute terms, often associated with high cognitive abilities.