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:

Tomato Base

A culinary ingredient or foundation made from tomatoes, used in various dishes and sauces.

Differentia

The element in a definition that specifies the attribute(s) distinguishing a species from other species of the same genus.

Genus

In biology, a rank used in the classification of organisms that is above species and below family, grouping together species that are structurally similar or phylogenetically related.

Genus

A classification in biological taxonomy that ranks above species and below family, grouping together species that share common characteristics.