Multiple Choice
Ockham's razor is the principle that states
A) supply creates its own demand.
B) we must forgo something when making a decision.
C) costs which have been incurred cannot be avoided.
D) irrelevant detail should not be included in a model.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q61: Every citizen in the United States should
Q62: Related to the Economics in Practice on
Q63: Opportunity cost is<br>A) that which we forgo,
Q64: Refer to Scenario 1.2 below to answer
Q65: Dividing the change in quantity on the
Q67: Refer to the information provided in Figure
Q68: Opportunity cost is<br>A) the additional cost incurred
Q69: Refer to the information provided in Figure
Q70: If the slope of a straight line
Q71: Empirical economics refers to the<br>A) exclusion of