menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    ECON Macro Principles
  4. Exam
    Exam 1: The Art and Science of Economic Analysis
  5. Question
    What Is a Model
Solved

What Is a Model

Question 61

Question 61

Multiple Choice

What is a model?  


A)  a theoretical abstraction with very little value 
B)  a useful tool to only the ones who considered it 
C)  a realistic and carefully constructed theory 
D)  a simplification of the real world

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q56: Why do economists use economic theories?  <br>A) because

Q57: In economics, what does the term "marginal"

Q58: What does the assumption of rational self-interest

Q59: Which of the following is an example

Q60: Which of the following would be a

Q62: Why do economists use economic models?  <br>A) to

Q63: What is the difference between positive economic

Q64: Why do economists use assumptions?  <br>A) to diminish

Q65: Which of the following best characterizes rational

Q66: In economics, which of the following describes

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines