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27 November, 03:01

From the list below, select the characteristics that describe a good economic model.

Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers.

(A) Includes every detail of a given situation.

(B) Predicts that A causes B.

(C) Makes approximately accurate assumptions.

(D) Fits the real world perfectly.

(E) Predicts things that are usually true.

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Answers (1)
  1. 27 November, 05:40
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    From the list below, select the characteristics that describe a good economic model.

    Makes approximately accurate assumptions.

    Predicts that A causes B.

    Includes every detail of a given situation

    Explanation:

    In economic model, predictions are made but it must be in such a way that most are feasible and achievable. Also, every detailed information are provided as far as money is inclusive
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