Efficiency is one common criterion that economists use to judge whether or not an outcome is desirable.
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Q1: An economist uses a consumer's demand curve
Q2: Most economic explanations can be reduced to
Q4: A world in which most people are
Q5: An economic model is robust if it
Q6: Since economists assume that people act in
Q7: A model that is said to be
Q8: An easy,but not very insightful,possible explanation for
Q9: When formulating an economic model,one must explicitly
Q10: Even if an economic model is not
Q11: The first step in economic analysis is
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