Which Statement Is a Characteristic of Economic Models

question 75

Multiple Choice

Which statement is a characteristic of economic models?

• A) They try to boil down an economic situation to its most basic elements.
• B) They are always complex because the economy is complex.
• C) They attempt to reproduce reality exactly.
• D) They try to avoid invoking the ceteris paribus assumption.

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Definitions:

Retrieval Failure

Occurs when memories are not accessible from long-term storage, often due to a lack of cues or interference from other information.

Anterograde Amnesia

A condition affecting memory, where after the onset of the amnesia, the affected individual is unable to form new memories, though long-term memories from before the event remain intact.

Repression

A defense mechanism where unpleasant thoughts, memories, or feelings are excluded from conscious awareness.

Freud

Sigmund Freud was an Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.