An economic model will produce poor predictions if it includes unrealistic assumptions.
Correct Answer:
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Q89: Economics employs a scientific methodology.In part, this
Q90: An economic model
A)always has a mathematical foundation
B)can
Q91: You currently subscribe to two magazines and
Q92: When constructing an economic model, economists
A)rely mostly
Q93: The economic behavior of individual decision makers
Q95: Theory in economics
A)involves some simplification of reality
B)bears
Q96: Microeconomics is the study of
A)marginal or inferior
Q97: An economic model
A)omits critical elements
B)must be presented
Q98: Which of the following is a microeconomic
Q99: The behavior of the entertainment industry in
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