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    Economics for Today Study Set 6
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    Exam 1: Introducing the Economic Way of Thinking
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    An Economic Model Is Useful Only If It
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An Economic Model Is Useful Only If It

Question 38

Question 38

Multiple Choice

An economic model is useful only if it:


A) contains no positive statements.
B) captures all the complexities of reality.
C) yields accurate predictions.
D) has both macro- and microeconomic applications.

Correct Answer:

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