An Economic Model Is

question 58

Multiple Choice

An economic model is:

• A) a plastic scaled version of the economy.
• B) a complete depiction of reality.
• C) an abstraction from reality.
• D) applicable to consumer behavior but not to producer behavior.
• E) not an accepted tool of the economics profession.

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Definitions:

Open Discussion

A conversation or dialogue that encourages the free and open exchange of ideas, thoughts, and opinions without restrictions.

Stereotypes

Commonly held beliefs about groups.

Sexual Scripts

Socially learned behaviors and expectations that surround and inform people's understanding of sexual interactions and relationships.

Commonly Held

Widely shared or accepted by a significant portion of a community or group as true or important.