If the Theory Behind an Economic Model Fits the Data

question 50

Multiple Choice

If the theory behind an economic model fits the data poorly,you would probably want to

• A)use the theory to predict what would happen if the economic setting or economic policies change.
• B)start from scratch with a new model.
• C)enrich the model with additional assumptions.
• D)restate the research question.

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Definitions:

Filum Terminale

A slender fibrous tissue thread that extends from the apex of the conus medullaris to anchor the spinal cord in the lower vertebral canal.

Thecal Sac

The protective covering of the spinal cord and its nerve roots, filled with cerebrospinal fluid.

Conus Medullaris

The tapered, lower end of the spinal cord that occurs near the first and second lumbar vertebrae.

Lumbar Vertebrae

Lumbar Vertebrae are the five vertebrae located between the rib cage and the pelvis in the lower back, designed to bear much of the body's weight and stress.