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What areEconomic models a) are constructed to mirror reality as closely as possible, and in this respect economic models are no different from other...

What areEconomic models

a) 

are constructed to mirror reality as closely as possible, and in this respect economic models are no different from other scientific models.

b) 

are constructed to mirror reality as closely as possible, and in this respect economic models are very different from other scientific models.

c) 

are simplifications of reality, and in this respect economic models are no different from other scientific models.

d) 

are simplifications of reality, and in this respect economic models are very different from other scientific models.

Top Answer

Option c is the correct answer c)  Economic models are... View the full answer

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