A Good Economic Model

question 34

Multiple Choice

A good economic model

• A) is as simple as possible,including only necessary details
• B) is as complex as possible,including many details
• C) represents reality as concretely as possible
• D) tries to be as detailed as the reality it is describing
• E) is very detailed regardless of its purpose

---

Definitions:

Grenada

A country located in the Caribbean Sea, comprised of a main island also called Grenada and smaller surrounding islands.

Caribbean Island

Any of the islands in the Caribbean Sea; these islands are known for their distinctive cultures, biodiversity, and major tourist destinations.

Marxist Leaders

Individuals who lead or have led movements or governments based on the ideological principles of Marxism, focusing on class struggle, the abolition of private property, and the establishment of a classless society.

Tower Commission

An investigative body appointed by U.S. President Ronald Reagan in 1986 to probe the Iran-Contra Affair, which involved illegal sales of arms to Iran and diversion of profits to Nicaraguan rebels.