When Evaluating the Usefulness of an Economic Model,one Should Check

question 52

Multiple Choice

When evaluating the usefulness of an economic model,one should check to see whether the model

• A) is consistent with models in other social sciences.
• B) is based on assumptions that are all close replicas of reality.
• C) is intelligible to the average layperson.
• D) predicts more accurately than any other model.
• E) can be tested under carefully controlled conditions.

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Definitions:

Morning Toilette

The act of getting dressed and attending to personal grooming and appearance in the morning, often depicted in art and literature as a daily ritual.

Athena Parthenos

A massive chryselephantine sculpture of the goddess Athena, once housed in the Parthenon in Athens, symbolizing peace and power.

Gold and Ivory

Materials highly valued in ancient and medieval art for their beauty and rarity, often used in religious and ceremonial objects to signify importance and divine status.

Dying Gaul

An ancient Roman marble sculpture representing a wounded Gallic warrior, celebrated for its realism and emotional depth.