Einstein Was Quoted Saying "Everything Should Be Made as Simple

question 8

Multiple Choice

Einstein was quoted saying "Everything should be made as simple as possible,but not simpler." When it comes to economic models this means that

• A) models shouldn't be too complex.
• B) models shouldn't be too simple.
• C) models should have a level of abstraction appropriate to the topic investigated.
• D) All of the above.

---

Definitions:

Undergraduates

Students pursuing a bachelor's degree or an associate degree in colleges or universities.

Drinking Problem

A pattern of alcohol consumption that negatively affects a person's health, relationships, and responsibilities.

Bias

A systematic error or deviation from the truth in results or inferences, possibly leading to unfair outcomes or conclusions.

Race/Ethnicity Group

Categorization of individuals based on shared cultural, social, or ancestral heritage.