Select the Best Statement About Economic Models

question 149

Multiple Choice

Select the best statement about economic models.

• A)An economic model must always be correct in its predictions or it must be discarded.
• B)An economic model is evaluated based on the realism of its assumptions.
• C)An economic model should not generate predictions about actual events in the real world,since it discusses only abstract events.
• D)An economic model will be discarded if its predictions are often in conflict with the facts.
• E)Economic models are all false.

---

Definitions:

Night Terrors

Intense episodes of fear that occur during sleep, often causing a person to wake up screaming or in a panic, typically affecting children.

N3 Sleep

A stage of sleep characterized by deep, slow-wave sleep where the brain produces delta waves, important for physical restoration and the consolidation of memories.

Full Waking Alertness

A state of high mental and sensory awareness, where an individual is fully awake and able to respond quickly to stimuli or situations.

Sleepwalking

A sleep disorder causing people to get up and walk around or perform complex actions while not fully awake.