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An economic model

An economic model
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Solution Guide / Answer Key:

ECONOMICS

Multiple Choice

           An economic model

a.

always has a mathematical foundation

b.

can never be proven wrong

c.

can be constructed for an individual economic unit but not for the economy as a whole

d.

is a simplification of the real world

e.

can be constructed for the economy as a whole but not for an individual economic unit

 

           FILE: MS WORD

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