Economic Models

question 174

Multiple Choice

Economic models

• A)cannot be useful if they are based on false assumptions.
• B)were once thought to be useful,but that is no longer true.
• C)must incorporate all aspects of the economy if they are to be useful.
• D)can be useful,even if they are not particularly realistic.

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Definitions:

Aspire

To have a strong desire, longing, or aim to achieve something, often something difficult or ambitious.

Good Work

Work that is not only high in quality but also ethically responsible and socially beneficial.

Reversibility

The property of a process or action to be reversed, returning to its original state or condition without significant changes or consequences.

Ethical Screen

A set of criteria or principles used to make decisions that align with one's ethical or moral standards.