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Which of the Following Is the Most Accurate Statement About

Question 19

Multiple Choice

Which of the following is the most accurate statement about economic models?


A) Economic models attempt to mirror reality exactly.
B) Economic models are useful, but should not be used for policymaking.
C) Economic models omit many details to allow us to see what is truly important.
D) Economic models cannot be used in the real world because they omit details.

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