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An Economic Model Is a Simplified Version of Reality Used

question 183

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An economic model is a simplified version of reality used to analyze real-world economic situations.


Definitions:

Facade

Usually, the front of a building; also, the other sides when they are emphasized architecturally.

Contrapposto

An art term describing a human figure standing with most of its weight on one foot, such that its shoulders and arms twist off-axis from the hips and legs, giving the figure a more dynamic, or relaxed appearance.

Quattrocento

Italian, “400”—that is, the 15th century (the 1400s) in Italy.

Frescoes

A method of mural painting executed upon freshly laid lime plaster, water is used as the vehicle for the dry-powder pigment to merge with the plaster, and with the setting of the plaster, the painting becomes an integral part of the wall.

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