An Economic Model Should Capture

question 309

Multiple Choice

An economic model should capture

• A) the essential relationships that help to analyze the problem.
• B) all possible variables that apply to the problem.
• C) only social value related variables.
• D) all of the above.

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Definitions:

Autonomous Morality

The stage of moral development where individuals recognize that moral rules are based on mutual agreements and personal principles.

Conventional Moral Reasoning

A stage in moral development where an individual's behavior is guided by conforming to the social rules of right and wrong.

Piaget

A Swiss psychologist named Jean Piaget who is renowned for his pioneering work in the study of children's cognitive development.

Kohlberg

Relates to Lawrence Kohlberg, a psychologist known for his theory of moral development in children, which proposes stages through which individuals evolve in their moral reasoning.