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In Choosing Among Alternative Models, Economists Generally Have the Strongest

Question 99

Multiple Choice

In choosing among alternative models, economists generally have the strongest preference for models that


A) have assumptions that are complicated.
B) are detailed and complex, with every available fact and figure included.
C) have assumptions that are close to exact replicas of reality.
D) have few assumptions and are as simple as possible, even if they cannot predict very well.
E) predict better than any other that is available.

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