Economists Build Economic Models by

question 182

Multiple Choice

Economists build economic models by

• A)generating data.
• B)conducting controlled experiments in a lab.
• C)making assumptions.
• D)reviewing statistical forecasts.

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Definitions:

Social Inequality

A condition where resources, opportunities, and privileges are distributed unequally among individuals in a society based on various socio-demographic factors.

Ethical

Pertaining to or dealing with morals, the principles of morality pertaining to right and wrong conduct.

Willowbrook State School

A historically notorious institution in New York where individuals with intellectual disabilities were egregiously mistreated, leading to significant reforms in care standards.

Purposely Infected

The deliberate act of infecting an individual or population with a disease-causing agent, often for malign purposes or scientific research.