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Economic models are:?
A. Precise representation of reality that includes as many details as possible in order to accurately predict behavior.
B. Simplification of reality that focus only on key relationships and ignore less relevant details.
C. General interpretation of cause and effect.
D. Analytical interpretation of economic behavior involving a good deal of the surroundings social and political structure of the society
E. Devices that usually make it impossible to isolate the impact of a single factor
2 Answers
- Anonymous7 years ago
B