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A model that sometimes makes incorrect predictions may be used by economic decision makers

A model that sometimes makes incorrect predictions may be used by economic decision makers
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Solution Guide / Answer Key:

ECONOMICS

Multiple Choice

           A model that sometimes makes incorrect predictions may be used by economic decision makers

a.

under no circumstances

b.

only if its assumptions are detailed and realistic

c.

if it is mathematical and computerized

d.

if it is simple enough for a child to understand

e.

until a better model is developed

 

           FILE: MS WORD

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