Economists Build Models That Abstract from the Complexities of Reality

question 9

Multiple Choice

Economists build models that abstract from the complexities of reality because

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

---

Definitions:

Zuckerman

A surname associated with notable individuals, in psychology often referring to Marvin Zuckerman, known for his research on sensation seeking.

External Locus

A belief system where individuals attribute their success or failure to external factors or forces beyond their control.

City Hall

A municipal building that houses the offices and chambers of a city government.

Fight

A confrontational or competitive action or behavior intended to defeat or subdue an opponent or obstacle.