Which of the Following Statements Most Accurately Describes the Concept

question 169

Multiple Choice

Which of the following statements most accurately describes the concept of economic theory?

• A) It should be as detailed as possible in order to model the complexity of an economy.
• B) It is an abstraction from reality.
• C) It is only useful if it rests on realistic assumptions.
• D) It is unrealistic and therefore of questionable usefulness in explaining what occurs in a complex economy.

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Definitions:

Medication

Drugs or other forms of treatment that are used to prevent, alleviate, or cure diseases and medical conditions.

Vascular Neurocognitive Disorder

A form of dementia resulting from multiple strokes and/or ischemic events.

Prevalence

The proportion of a population that is affected by a particular disease, condition, or characteristic at a specific time.

Causes

The reasons or factors that lead to the occurrence or existence of a condition, event, or outcome.