An economic model is
A) a concrete representation of reality
B) as close to reality as possible
C) too abstract to be useful when assumptions are involved
D) unrelated to reality
E) an abstract representation of reality
Correct Answer:
Verified
Q104: Economic models do not have to completely
Q105: The statement that "at 10 percent,the interest
Q106: If an economic model includes an assumption
Q107: A good economic model
A) is as simple
Q108: The statement that "at 10 percent,the interest
Q110: Because economists have different values,like everyone else,they
A)
Q111: Economic models come in the form of
A)
Q112: A simplifying assumption
A) affects the important conclusions
Q113: The level of detail in an economic
Q114: An economic model can be described as
A)
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