Which Types of Models Are Built with Assumptions

question 11

Multiple Choice

Which types of models are built with assumptions?

• A)economic models,but not models in other disciplines such as physics and biology
• B)economic models as well as models in other disciplines such as physics and biology
• C)models that are built for teaching purposes but not for research purposes
• D)bad models

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Definitions:

Carter And Reagan Administrations

The presidential terms of Jimmy Carter (1977-1981) and Ronald Reagan (1981-1989), notable for distinct economic and foreign policies.

Banking

The business activity of accepting and safeguarding money owned by other individuals and entities, and then lending out this money in order to earn a profit.

Airlines

Companies that operate aircraft for transporting passengers and cargo from one place to another.

General Electric

A multinational conglomerate corporation that operates in various sectors like energy, healthcare, and aviation, known for its innovation and diversified products.