In Constructing Models, Economists

question 387

Multiple Choice

In constructing models, economists

• A) make simplifying assumptions.
• B) include all available information.
• C) must use mathematical equations.
• D) attempt to duplicate the real world.

---

Definitions:

High Fever

A condition characterized by an abnormally high body temperature, often indicating an underlying illness or infection.

Falls Asleep

Refers to the transition from wakefulness into sleep, a natural part of the human circadian rhythm.

Whines

Complaining sounds or expressions, often high-pitched and indicative of discomfort, unhappiness, or discontent.

Spontaneous Recovery

The process in classical conditioning by which a conditioned response can recur after a time delay, without further conditioning.