Which of the Following Statements Is Correct

question 110

Multiple Choice

Which of the following statements is correct?

• A)Few economic models incorporate assumptions.
• B)Different economic models employ different sets of assumptions.
• C)Good economic models 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:

Insight

The sudden perception of relationships among various parts of a problem, allowing the solution to the problem to come quickly.

Humanistic

A psychological perspective that emphasizes the holistic view of the individual, focusing on free will, self-efficacy, and the inherent goodness and potential for growth in all people.

Cognitive-Behavioral Therapies

A group of psychotherapeutic treatments that address dysfunctional emotions, behaviors, and cognitions through a goal-oriented, systematic process.

Advantage

A condition or circumstance that puts one in a favorable or superior position relative to others.