Which of the Following Statements Is True

question 243

Multiple Choice

Which of the following statements is true?

• A)Few economic models incorporate assumptions.
• B)Different economic models employ different sets of assumptions.
• C)Good economic models should attempt to mimic reality as closely as possible.
• D)Economic models, to be accepted, must be tested by conducting experiments.

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Definitions:

Amphetamine

A potent central nervous system stimulant that is used in the treatment of attention deficit hyperactivity disorder (ADHD), narcolepsy, and for weight loss, but can also be abused as a recreational drug.

Tranquilizers

Medications used to reduce tension or anxiety, often by depressing the central nervous system.

Placebos

Inactive substances or treatments used as a control in experiments, often to test the effectiveness of medical drugs.

GABA

Gamma-aminobutyric acid, an inhibitory neurotransmitter in the brain that helps reduce neuronal excitability throughout the nervous system.