Traditional economic models highlight social dimensions of economic problems.
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Q14: The endowment effect is used to describe
Q15: Traditional economists prefer simpler models because they
Q16: If an economist wanted to understand why
Q17: Traditional models see no role for the
Q18: What distinguishes a deductive approach from an
Q20: Modern traditional economics relies on complex models
Q21: Andy is offered the following two income
Q22: If you are carrying out purposeful behavior,
Q23: An economist observes that a pharmaceutical company
Q24: An economist looks at data that suggests
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