If we know an assumption about an economic system is not true, what is the justification for keeping this assumption in a model?
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Q118: Which of the following is an example
Q119: Normative statements are:
A)descriptive, making a claim about
Q120: Graph 2-9 Q121: Draw a production possibilities frontier for a Q122: The demand curve demonstrates: Q124: What is the purpose of models in Q125: The slope of a line is calculated Q126: The policy results from economic modelling: Q127: A normative statement is one that: Q128: Lionel is studying economics but is also
A)there is a fixed
A)focus on
A)is based
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