An Economic Model Can Accurately Explain How the Economy Is

question 136

True/False

An economic model can accurately explain how the economy is organized because it is designed to include, to the extent possible, all features of the real world.

---

Definitions:

Kinship System

A network of people who are related by marriage, blood, or adoption.

Extended Family

A family that consists of parents and children as well as other kin, such as uncles and aunts, nieces and nephews, cousins, and grandparents.

Family Of Orientation

The family into which a person is born and raised, as opposed to the family they create through marriage or partnership.

Primary Groups

Small, close-knit, and usually emotionally close groups that are among the first groups a person belongs to, such as family and close friends.