Economic Models

question 91

Multiple Choice

Economic models

• A)are people who act out the behavior of firms and households so that economists can study this behavior.
• B)are usually detailed replications of reality.
• C)incorporate simplifying assumptions that often contradict reality,but also help economists better understand reality.
• D)are useful to researchers but not to teachers because economic models omit many details of the real-world economy.

---

Definitions:

Tables

Data structures composed of rows and columns used to organize, manage, and store information in a database or spreadsheet.

Queries

Instructions or expressions in databases and search engines used to extract specific information from a set of data.

Forms

Tools or templates in software that allow users to enter and submit information, often used for data entry, registrations, and surveys.

Back Up The Database

The process of creating a copy of data from a database to prevent data loss in case of system failure.