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Abstract Economic Models Whose Assumptions and Conclusions Are Essentially Untestable

Question 56

Multiple Choice

Abstract economic models whose assumptions and conclusions are essentially untestable are still useful because they


A) indicate what data should be collected in the future.
B) develop economists' intuition for more complex situations.
C) can be illustrated using simple graphical techniques.
D) capture the detail of realistic situations without any simplifying hypotheses.

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