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Which of the following is true when implementing a one-to-many relationship?
Economic Model
A simplified representation of economic processes, used to predict and analyze real-world economic behaviors.
Real World
Refers to actual events, scenarios, and dynamics occurring in societies and economies, not based on theoretical models or simulations.
Standard Set
A set of uniform criteria, guidelines, or benchmarks established by a regulatory authority or industry to ensure quality, consistency, and compatibility.
Economic Questions
Fundamental queries that address how a society decides on what to produce, how to produce, and for whom to produce, reflecting the allocation of resources.
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