One Thing Economists Do to Help Them Understand How the Real

question 70

Multiple Choice

One thing economists do to help them understand how the real world works is

• A)make assumptions.
• B)ignore the past.
• C)try to capture every aspect of the real world in the models they construct.
• D)All of the above are correct.

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Definitions:

Learned Reflexive Response

A behavior that is developed over time through conditioning, in which a stimulus automatically elicits a response.

Conditioning

A method of altering behavior in which an individual learns to connect a new behavior with a stimulus that was previously not related to it.

Psychodynamic Perspective

Modern version of psychoanalysis that is more focused on the development of a sense of self and the discovery of motivations behind a person’s behavior other than sexual motivations.

Self-Actualization

Achieving the maximum expression of one's talents and potentialities, seen as an instinctive urge or requirement prevalent across all individuals.