When Building a Model,economists

question 285

Multiple Choice

When building a model,economists:

• A)simplify reality to highlight what really matters.
• B)attempt to duplicate reality in all of its complexity.
• C)ignore the facts and instead try to determine what the facts should be.
• D)are careful to avoid the scientific method.

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Definitions:

Laboratory Experiments

Controlled tests or investigations conducted in a lab setting where variables can be isolated and manipulated to study their effects.

Evaluation Apprehension

Worry about how others perceive or assess one's actions.

Social Desirability

The tendency of respondents to answer questions in a manner that will be viewed favorably by others.

Experimental Result

The outcome obtained from conducting a scientific experiment, typically reflecting the impact of specific variables tested.