Which of the Following Abilities Should an Economic Model Possess

question 22

Multiple Choice

Which of the following abilities should an economic model possess?

• A)It should lower the time cost of information collection.
• B)It should help individuals to discern the information that matters for a problem.
• C)It should be able to process both untrue or impossible to verify information as well as correct information in the data set.
• D)It should suggest accurate solutions for a problem.

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Definitions:

Customer Credit

Credit extended by a business to its customers, allowing them to purchase goods or services and pay for them at a later date.

Pro Forma Financial Statements

Financial statements that project the future financial performance of a company, often used for planning or investment analysis.

CCA Tax Shield

A reduction in taxable income in Canada, achieved by deducting the Capital Cost Allowance on assets.