Which types of models are built with assumptions?
A)economic models,but not models in other disciplines such as physics and biology
B)economic models as well as models in other disciplines such as physics and biology
C)models that are built for teaching purposes but not for research purposes
D)bad models

Question

Quizplus · Accepted Answer

Models in various disciplines, including economics, physics, and biology, are built with assumptions. Assumptions are necessary to simplify real-world situations and make them more manageable for analysis. Therefore, option B is the correct answer. Option A is incorrect because assumptions are also necessary in models developed in physics and biology. Option C is incorrect because assumptions are required in both teaching and research models. Option D is incorrect because the correctness of the model does not depend on the type of assumption, but on the validity of the assumptions themselves.

Which Types of Models Are Built with Assumptions