Useful economic models have all of the following characteristics except:
A)simplicity.
B)abstractness.
C)robustness.
D)fruitfulness.

Name: Useful economic models have all of the following characteristics except: A)simplicity. B)abstractness. C)robustness. D)fruitfulness.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Abstractness is actually a characteristic of useful economic models, not an exception. These models often simplify complex economic processes by abstracting from the details to focus on key relationships and outcomes.

Useful Economic Models Have All of the Following Characteristics Except