An Economic Model Is a Simplified Version of Reality Used

question 183

True/False

An economic model is a simplified version of reality used to analyze real-world economic situations.

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Definitions:

Specific CS

A conditioned stimulus that elicits a particular conditioned response through association with an unconditioned stimulus in classical conditioning.

Similar Stimuli

Stimuli that share common characteristics or attributes, making them alike to the sensory system.

Conditioned Stimulus

Refers to a previously neutral stimulus that, after becoming associated with an unconditioned stimulus, eventually triggers a conditioned response.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers a response without prior conditioning.