Choose the Answer That Best Explains Why Economists Build Models

question 43

Multiple Choice

Choose the answer that best explains why economists build models that abstract from the complexities of reality.

• A)Because the complexities of reality are unimportant.
• B)Because they believe they gain a greater understanding of reality.
• C)Because economists are not interested in reality.
• D)Because this allows economists to conduct controlled experiments to test their theories.
• E)Because economics deals only in the abstract.

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Definitions:

Alcoholism

A chronic disease characterized by uncontrolled drinking and a preoccupation with alcohol, leading to physical and psychological dependence.

Tolerance

The body's reduced response to a substance (like a drug or alcohol) due to repeated exposure, requiring larger amounts to achieve the same effect.

Hemorrhagic Stroke

A type of stroke caused by a ruptured blood vessel leading to bleeding inside or around the brain.

Middle Age

A period in human life, typically between the ages of about 45 and 65, characterized by noticeable changes in physical health, personal development, and social role.