Economists Build Models That Abstract from the Complexities of Reality

question 134

Multiple Choice

Economists build models that abstract from the complexities of reality because

• A)it is easier to do so.
• B)they believe they gain a greater understanding of reality.
• C)economists are not interested in reality.
• D)economists do not understand the real world.
• E)the complexities of reality are unimportant.

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Definitions:

Adrenal Cortex

The outer part of the adrenal gland, which produces steroid hormones such as cortisol and aldosterone.

Aldosterone

A steroid hormone produced by the adrenal glands that helps regulate blood pressure by controlling sodium and potassium levels in the body.

Pineal Gland

A small endocrine gland in the brain that produces melatonin, a hormone that affects the modulation of wake/sleep patterns and photoperiodic (seasonal) functions.

Melatonin

A hormone produced by the pineal gland that regulates sleep and wakefulness.