A map is an example of a model because a map
A) realistically describes an area.
B) is always as complex as space will permit.
C) is two-dimensional.
D) is a simplified representation of reality.
Correct Answer:
Verified
Q188: Economic models
A) are used to explain how
Q189: An economic model should capture
A) the essential
Q190: Holding all variables constant but one and
Q191: The term ceteris paribus means
A) the greatest
Q192: A useful economic model
A) utilizes only the
Q194: Which of the following statements is TRUE?
A)
Q195: In order to study how changing price
Q196: The usefulness of a model is determined
Q197: One reason why economists often use models
Q198: An appropriate test of the effectiveness of
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