The Basic Purpose of Economic Models Is to

question 37

Multiple Choice

The basic purpose of economic models is to

• A)construct simplifying assumptions about the real world
• B)explain reality in all its complexity
• C)collect empirical data to support the facts
• D)construct situations where controlled experiments can be carried out
• E)provide explanations for, and predictions of, economic events

---

Definitions:

Medical Durable Power of Attorney

A legal document that grants an individual the authority to make medical decisions on behalf of someone else if they are unable to do so.

Grief Work Model

A framework describing the tasks and processes involved in dealing with the emotional response to loss, emphasizing acceptance and adjustment.

Thanatology

is the scientific study of death and the practices associated with it, including the study of the needs of the terminally ill and their families.

Hospice Care

A type of care designed to provide comfort and support to patients and their families during the final stages of a terminal illness.