What Is an Economic Model

question 139

Multiple Choice

What is an economic model?

• A)It is a description of an economic issue that includes all possible related information.
• B)It is a description of an economic issue based on official government information.
• C)It is a detailed version of some aspect of economic life used to analyze an economic issue.
• D)It is a simplified version of some aspect of economic life used to analyze an economic issue.

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Definitions:

Frontal Lobes

The regions of the brain located at the front of each cerebral hemisphere, responsible for higher cognitive functions, such as reasoning, problem solving, and planning.

Schizophrenia

A long-term mental disorder characterized by a breakdown in the relation between thought, emotion, and behavior, leading to faulty perception and inappropriate actions.

Pessimistic Explanatory Style

A tendency to interpret and explain negative events as being widespread, persistent, and internally caused, often associated with increased risk for depression and anxiety.

Depression

A mental health disorder characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in activities.