A Thermometer Is an Example of a Model That Does

question 39

Multiple Choice

A thermometer is an example of a model that does not have the same physical appearance as that which is being modeled; thus,it is a(n)

• A)analog model.
• B)iconic model.
• C)mathematical model.
• D)qualitative model.

---

Definitions:

Preferences and Social Norms

The combination of individual desires and the influence of societal expectations on consumer behavior.

Factor of Production

An input used in the production of goods or services, such as labor, capital, land, or entrepreneurship.

Input

Resources such as labor, materials, and capital used in the production of goods and services.

Backward-Bending

Refers to a labor supply curve that bends backwards at higher wage rates, indicating that higher wages can lead to less labor supplied due to increased leisure preference.