Complete the Following Sentence.Economic Models

question 194

Multiple Choice

Complete the following sentence.Economic models

• A)do not answer questions about the economic world.
• B)include most of the details of the economic world.
• C)describe some aspect of the economic world,but include only those features needed for the purpose at hand.
• D)answer questions that arise from normative statements.
• E)were first developed in the 1970s.

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Definitions:

Involuntary Responses

Automatic physical reactions to stimuli that do not require conscious thought, such as reflexes.

Blood Pressure

The pressure of circulating blood on the walls of blood vessels, often measured for diagnosis since it is closely related to the force and rate of the heartbeat.

Physically Punished

The act of inflicting physical pain or discomfort on someone as a form of punishment or discipline.

Low Self-Esteem

A condition characterized by a lack of confidence and feeling badly about oneself.