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.

---

Definitions:

Moral Development

The growth and changes in understanding of right and wrong, moral values, and behaviors across an individual's lifespan.

Piaget

A Swiss psychologist known for his pioneering work in child development, particularly his theory of cognitive development that describes how children's intellectual abilities evolve as they grow.

Moral Realism

The philosophical viewpoint asserting that ethical statements refer to objective features of the world, which are independent of human opinion.

Moral Development

The process by which individuals learn to distinguish right from wrong, making ethical decisions and understanding societal norms.