Which of the Following Statements About Economic Models Is TRUE

question 262

Multiple Choice

Which of the following statements about economic models is TRUE?

• A)A good economic model is complex.
• B)A good model does not rely on any assumptions.
• C)Every model is based on a set of assumptions.
• D)Economic models are designed to explain what people need.

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Paralegal

A legal assistant who performs various tasks such as research and document preparation under the supervision of an attorney.

The Attorney

A licensed professional authorized to practice law, representing and advising clients in legal matters.

Licensing Requirements

The conditions and specifications demanded by regulatory bodies for the legal operation of certain professions, activities, or businesses.

Federal Government

The national government of a federal state, which holds the authority to govern on matters not specifically delegated to state or local governments.