Which Is NOT True About the Use of Economic Models

question 66

Multiple Choice

Which is NOT true about the use of economic models?

• A) Economic models are simplified representations of the real world.
• B) Economists always use experiments in science laboratories to test their theories.
• C) Economists use what has already happened in the real world to test their theories.
• D) Economists are employed to explain economic phenomena but are never used to predict what might happen next.

Recognize the significance of maintaining a sustainable career advantage.

Understand the components and purpose of a career portfolio.

Grasp the conceptual and practical aspects of team interventions in organizational development.

Understand the significance of maintaining a sustainable career advantage in a shifting economic and business environment.