What Do Economists Always Do When They Are Constructing Theories

question 56

Multiple Choice

What do economists always do when they are constructing theories or models?

• A)They make simplifying assumptions.
• B)They attempt to duplicate the real world.
• C)They ensure that the theory can be expressed mathematically.
• D)They try to include as much information as possible.

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Definitions:

Myelin Sheath

A fatty tissue layer segmentally encasing the axons of some neurons; enables vastly greater transmission speed as neural impulses hop from one node to the next.

Synaptic Gaps

The tiny spaces between neurons, across which neurotransmitters travel to transmit messages from one neuron to another.

Biological Psychologist

A scientist who specializes in studying the biological underpinnings of behavior and mental processes, often examining the brain and nervous system.

Neurotransmitters

Chemical substances in the body that help transmit signals in the nervous system between nerve cells.