If Two Competing Models Are Offered to Explain a Certain

question 258

Multiple Choice

If two competing models are offered to explain a certain economic phenomenon, the better model is the one

• A) that is the newest since newer models are better than old models.
• B) with the fewest unrealistic assumptions.
• C) that more often predicts with most accuracy.
• D) that is not subject to empirical verification.

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Definitions:

Second World War

A worldwide war that took place between 1939 and 1945, drawing participation from nearly every nation on the planet, including all the major powers, which eventually split into two rival military coalitions: the Allies and the Axis.

Tuskegee

A historically black university located in Tuskegee, Alabama, known for its role in African American education and the famous Tuskegee Airmen during World War II.

Aviation

The design, development, production, operation, and use of aircraft, especially heavier-than-air aircraft, encompassing both commercial and military aspects.

Spingarn Medal

An award given annually by the NAACP since 1914 to African Americans of distinguished achievement.