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Author Question: Economists make simplifying assumptions to A) understand extremely complex phenomenon. B) build ... (Read 80 times)

audragclark

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Economists make simplifying assumptions to
 
  A) understand extremely complex phenomenon.
  B) build a model that is as close to the real world as possible.
  C) focus on the variables that are important to an economic theory.
  D) A and C

Question 2

Which of the following is NOT considered an ingredient to an economic model?
 
  A) Assumptions
  B) Logic
  C) Hypotheses
  D) Experience


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vseab

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audragclark

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Reply 2 on: Jul 1, 2018
Excellent


ebonylittles

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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