Why Do Economists Use Models

question 218

Multiple Choice

Why do economists use models?

• A)to learn how the economy works
• B)to make their profession appear more precise
• C)to make economics accessible to the public
• D)to make sure that all of the details of the economy are included in their analysis

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Definitions:

Fibula

A long, thin bone located on the lateral side of the tibia in the lower leg, important for stabilizing the ankle and supporting muscles.

Ulna

A bone in the forearm that runs from the elbow to the smallest finger, and when in anatomical position, it is found on the medial side of the forearm.

Tibia

The shinbone or larger and stronger of the two bones in the lower leg, extending from the knee to the ankle.