What is the "right" degree of abstraction necessary to analyze an economic problem?
A)simple abstraction of only minor details
B)simple abstraction of only irrelevant details
C)total abstraction of all variables
D)total abstraction of all irrelevant details
E)There is no "right" degree of abstraction to analyze an economic problem.

Question

What is the "right" degree of abstraction necessary to analyze an economic problem?
A)simple abstraction of only minor details 
B)simple abstraction of only irrelevant details 
C)total abstraction of all variables 
D)total abstraction of all irrelevant details 
E)There is no "right" degree of abstraction to analyze an economic problem.

Quizplus · Accepted Answer

The degree of abstraction necessary to analyze an economic problem is subjective and context-dependent. The level of abstraction required would differ based on the specific economic problem in question, available data, and the questions being asked about the problem. Therefore, there is no single "right" degree of abstraction to analyze an economic problem, and the appropriate level would depend on the specific requirements of the problem being analyzed.

What Is the "Right" Degree of Abstraction Necessary to Analyze