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In Choosing Among Alternative Models,economists Generally Have the Strongest Preference

Question 50

Multiple Choice

In choosing among alternative models,economists generally have the strongest preference for models that


A) have assumptions that are close to exact replicas of reality.
B) are detailed and complex,with every available fact and figure included.
C) have few assumptions and are as simple as possible,even if they cannot predict very well.
D) predict better than any other that is available.
E) have assumptions that are complicated.

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