Which of the Following Statements Is True

question 69

Multiple Choice

Which of the following statements is true?

• A) Models that economists use are perfect replicas of reality.
• B) The scientific method used by economists is based on idealism and not empiricism.
• C) Models help economists explain the past but do not help predict the future.
• D) Testing with data enables economists to distinguish between good models and bad models.

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Definitions:

Presentation Anxiety

Feelings of nervousness or fear experienced when presenting information in front of an audience.

Cultural Differences

Variations in practices, beliefs, and values among different societies or groups.

Mannerisms

Distinctive behaviors or habits of an individual that are often characteristic and can convey nonverbal cues during communication.

Presentation Medium

The tools or channels used to deliver a presentation or message, such as slides, video, or live speech.