In Choosing Among Alternative Models,economists Generally Have the Strongest Preference

question 50

Multiple Choice

In choosing among alternative models,economists generally have the strongest preference for models that

• A)have assumptions that are close to exact replicas of reality.
• B)are detailed and complex,with every available fact and figure included.
• C)have few assumptions and are as simple as possible,even if they cannot predict very well.
• D)predict better than any other that is available.
• E)have assumptions that are complicated.

---

Definitions:

Psychopathy

A personality disorder indicated by persistent antisocial behavior, impaired empathy and remorse, and bold, disinhibited, egotistical traits.

Crime

Activities that involve violation of legal codes and are punishable by the state or other authority.

Aggression

Behaviors or actions intended to harm or intimidate others, driven by various factors including biological, psychological, or social influences.

White Collar Crimes

Refers to financially motivated nonviolent crimes committed by business and government professionals.