A Good Economic Model

question 54

Multiple Choice

A good economic model

• A)does not include more than two variables.
• B)includes only those features of the world that are needed for the purpose at hand.
• C)describes all aspects of the economic world.
• D)includes only features of the world that can be described numerically.
• E)includes more than two variables but less than 10 variables.

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Definitions:

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