Which of the Following Statements About Economic Models Is Valid

question 144

Multiple Choice

Which of the following statements about economic models is valid?

• A)Economic models are built to mirror reality exactly.
• B)Economic models are useful, but they should not be used for the purpose of improving public policies.
• C)Because economic models omit many details, they allow us to see what is truly important.
• D)Economic models seldom incorporate equations or diagrams.

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Harvard

An elite private university located in Cambridge, Massachusetts, known for its prestigious academic programs and historical significance.

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