Economists Build Models That Abstract from the Complexities of Reality

question 41

Multiple Choice

Economists build models that abstract from the complexities of reality because

• A)economists do not understand the real world.
• B)economists are not interested in reality.
• C)it is easier to do so.
• D)the complexities of reality are unimportant.
• E)they believe they gain a greater understanding of reality.

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Definitions:

Diagnosis

A determination that a person’s problems reflect a particular disorder.

Controversial

Marked by or causing controversy; debatable or disputed, often due to differing opinions and views.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a comprehensive classification and diagnostic tool used by mental health professionals.

Bipolar I

A subtype of bipolar disorder marked by manic episodes with or without depressive episodes.