Economic Models

question 181

Multiple Choice

Economic models

• A)are constructed to mirror reality as closely as possible,and in this respect economic models are no different from other scientific models.
• B)are constructed to mirror reality as closely as possible,and in this respect economic models are very different from other scientific models.
• C)are simplifications of reality,and in this respect economic models are no different from other scientific models.
• D)are simplifications of reality,and in this respect economic models are very different from other scientific models.

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Definitions:

Generic Influence Tactics

Broad strategies used to persuade or influence others to support one’s objectives or follow directions without relying on specific situational factors.

Rational Persuasion

A method of influence based on the use of logic, facts, and rational arguments to convince others.

Detailed Plan

A comprehensive blueprint outlining specific actions, timelines, and resources required to achieve an objective.

Automatically Have Authority

An assumption that authority or power can be gained instantaneously or by default, without a formal process.