An Economic Model

question 20

Multiple Choice

An economic model

• A)always has a mathematical foundation
• B)can never be proven wrong
• C)can be constructed for an individual economic unit but not for the economy as a whole
• D)is a simplification of the real world
• E)can be constructed for the economy as a whole but not for an individual economic unit

---

Definitions:

Employees

Individuals who are hired by a business or an individual to perform work in exchange for compensation.

High Tech Cures

Refers to advanced medical treatments and diagnostics that utilize cutting-edge technology and research.

Modern Medicine

A branch of medicine which is based on science, that uses the latest technology and practices for the diagnosis, treatment, and prevention of disease.

Emphasis

Special importance, value, or prominence given to something.