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To Be Valid, an Economic Model Must

Question 83

Multiple Choice

To be valid, an economic model must:


A) include every activity which occurs in the real world.
B) include at least 85 percent of the activity which occurs in the real world.
C) be able to predict events occurring in the real world.
D) exclude any link to the real world.
E) not be based on an abstraction of the real world.

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