An Economic ________ Is a Simplified Version of Some Aspect

question 61

Multiple Choice

An economic ________ is a simplified version of some aspect of economic life used to analyze an economic issue.

• A)market
• B)trade-off
• C)variable
• D)model

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Definitions:

Table

A structured arrangement of data made up of rows and columns, which can be used in documents or databases.

Record

An individual entry within a database that contains specific information across various fields pertaining to one entity.

Field

In computing and databases, a single piece of data, such as a name or a phone number, which represents an attribute of an entity.

Shortcut Icon

An icon that represents a link to a program, file, or command, allowing quick access from a computer's desktop or other interface.