Economic Models Are

question 53

Multiple Choice

Economic models are:

• A) created and used in order to duplicate virtually every aspect of the real world.
• B) useless if they are simple.
• C) made generally of wood, plastic, and/or metal.
• D) built using assumptions.

---

Definitions:

Nature-Nurture Theory

A theoretical framework that debates the relative contributions of genetic inheritance (nature) and environmental factors (nurture) to human development.

Agreeableness

A personality trait characterized by warmth, kindness, and a cooperative disposition.

Antagonism

Antagonism refers to active hostility or opposition between individuals or groups, often manifesting in conflicts or competitive situations.

Cooperative

Working together towards a common goal or benefit.