The Models Used in Economics

question 210

Multiple Choice

The models used in economics:

• A)are always limited to variables that are directly related.
• B)are essentially not reliable because they are not testable in the real world.
• C)are of necessity unrealistic and not related to the real world.
• D)emphasize basic relationships by abstracting from complexities in the everyday world.

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Definitions:

Chimpanzee

A species of great ape native to the forests and savannahs of tropical Africa, known for its intelligence and complex social behaviors.

Homo Neanderthalensis

An extinct species or subspecies of archaic humans who lived in Eurasia until about 40,000 years ago.

Buried Dead

The practice of interring deceased organisms in the ground, often as part of a ritual or cultural ceremony related to death.

Homo Erectus

An extinct species of hominid that lived from the end of the Pliocene epoch to the later Pleistocene, known for upright walking.