Which of the Following Statements Is Correct

question 110

Multiple Choice

Which of the following statements is correct?

• A)Few economic models incorporate assumptions.
• B)Different economic models employ different sets of assumptions.
• C)Good economic models attempt to mimic reality as closely as possible.
• D)Economic models,to be accepted,must be tested by conducting experiments.

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Definitions:

Achievement

The act of accomplishing or attaining a goal through effort, skill, or courage.

Visioning Process

A strategic planning activity involving imagining the future state of an organization or project and outlining the steps necessary to achieve it.

Leaders

Individuals who possess the ability to inspire or influence others towards the achievement of goals, often characterized by vision, initiative, and determination.

Reality

The state of things as they actually exist, as opposed to an idealistic or notional idea of them.