An Economist Builds a Model To

question 44

Multiple Choice

An economist builds a model to:

• A) define the value judgment.
• B) capture all the complexities of reality.
• C) collect data.
• D) test the hypothesis.

---

Definitions:

Collision Insurance

A type of automobile insurance that protects the insured against any loss arising from damage to the insured’s automobile caused by accidental collision with another object or with any part of the roadbed.

Annuity

A guaranteed retirement income.

Property Insurance

Insurance coverage that provides protection against most risks to property, such as fire, theft, and some weather damage.

Valuable Artwork

Works of art that possess significant monetary, cultural, or historical value.