A Major Problem That May Occur with Models That Predict

question 37

Multiple Choice

A major problem that may occur with models that predict the values of economic variables in the future is that

• A)researchers are pessimistic about the future.
• B)the model may fail to acknowledge that economic actors will change their behavior in response to changing situations.
• C)the model may make predictions that conflict with widely held opinions.
• D)no one cares about these predictions.

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Definitions:

Protein Synthesis

The biological process by which cells build proteins based on the genetic instructions encoded in DNA and carried by mRNA.

Biological Variation

Differences among individuals and populations in physical, physiological, and genetic characteristics due to evolutionary, environmental, and genetic factors.

Creationism

The belief that the universe and living organisms originate from specific acts of divine creation, as in the biblical account, rather than by natural processes such as evolution.

Evolution

The mechanism through which a range of life forms are considered to have emerged and branched out from previous versions during Earth's historical timeline.