An Economic Model Is Useful Only If It

question 9

Multiple Choice

An economic model is useful only if it:

• A) contains no positive statements.
• B) captures all the complexities of reality.
• C) yields accurate predictions with policy implication.
• D) contains all normative statements.

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Definitions:

Cell Wall

A rigid layer lying outside the plasma membrane of the cells of plants, fungi, and bacteria, providing structure and protection.

Nucleolus

A small, dense structure found within the nucleus of cells, involved in the production of ribosomes and ribosomal RNA.

Actin

A globular structural protein that forms microfilaments, part of a cell's cytoskeleton, and is involved in various types of cell movement and muscle contraction.

Myosin

A protein that, along with actin, plays a key role in muscle contraction by pulling actin filaments.