Multiple Choice
The principle that irrelevant detail should not be included in a model is known as
A) a fallacy.
B) ceteris paribus.
C) Ockham's razor.
D) normative economics.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q46: Since the legal age to vote in
Q47: If your tuition is $5,000 this semester,
Q48: Economics is best defined as the study
Q49: A graph illustrating how one variable changes
Q50: The reasons to study economics include which
Q52: The amount of education that one has
Q53: Related to the Economics in Practice on
Q54: Scarce resources give rise to the concept
Q55: A formal statement of a theory is
Q56: You have noticed that there is an