Historical episodes allow economists to illustrate and evaluate economic theories of the present.
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Q1: Economists usually have to make do with
Q4: Economic models are most often composed of
Q7: Economists often find it worthwhile to make
Q8: Economists try to address their subject with
Q10: For economists, conducting experiments is often difficult
Q11: Since economists cannot use natural experiments offered
Q12: Economists devise theories, collect data, and then
Q16: Assumptions can simplify the complex world and
Q17: All scientific models, including economic models, simplify
Q19: Good assumptions simplify a problem without substantially
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