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    Exam 2: Thinking Like an Economist
  5. Question
    The Ultimate Purpose of an Economic Model Is to
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The Ultimate Purpose of an Economic Model Is to

Question 2

Question 2

Multiple Choice

The ultimate purpose of an economic model is to


A) explain reality as completely as possible.
B) establish assumptions that closely resemble reality.
C) help us to understand economic behaviour.
D) guide government policy decisions.

Correct Answer:

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