When Forming Theories, Economists Must Be Careful to

question 18

Multiple Choice

When forming theories, economists must be careful to

• A) include all known facts and details.
• B) omit crucial factors.
• C) mirror the real world as realistically but as simply as possible.
• D) consider historical behavior and policies.
• E) limit the analysis to two variables.

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Definitions:

Positive Reinforcement

A method in behaviorism that involves the addition of a rewarding stimulus following a desired behavior, with the aim of increasing the likelihood of that behavior being repeated.

Aversive Condition

A situation or stimulus that is unpleasant or uncomfortable and which an individual seeks to avoid or escape.

Negative Reinforcement

A behavioral psychology concept where the removal of an undesirable or negative stimulus strengthens a behavior.

Aspirin

A medication used to reduce pain, fever, inflammation, and in low doses, to prevent blood clots.