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To which of the following does the term "principlism" refer?
Equations
Mathematical statements that assert the equality of two expressions.
Economic Model
A simplified representation of economic processes, often using mathematical formulas, to help analyze and predict economic outcomes.
Value Judgments
Assessments or opinions formed about the worth or importance of something, often based on personal or cultural beliefs rather than objective criteria.
Far More Complex
This term suggests that something is much more complicated or intricate than it may initially appear.
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