Is It Possible to Express an Economic Model in Words

question 144

Multiple Choice

Is it possible to express an economic model in words without diagrams?

• A)No, models can only be stated in diagrams.
• B)No, the very definition of model requires mathematical form.
• C)Yes, some of the simplest models are verbal statements.
• D)Yes, although the best models always use diagrams.
• E)Uncertain, economic theory has not answered this question yet.

---

Definitions:

Pretest Loop

A loop in programming that checks its condition before executing the body of the loop, ensuring the loop runs zero or more times.

Repetition

In programming, refers to the action of repeating a set of instructions a specified number of times or until a certain condition is met, often achieved through loops.

Condition

An expression that can be evaluated as true or false, typically used in decision-making structures within programming.

Selection

A process or statement in programming that chooses between two or more paths of execution based on certain conditions.