31. All of the following, except one, is true about an economic model. Which is the exception? A. It is built on a series of assumptions. B. It...
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31. All of the following, except one, is true about an economic model. Which is the exception? A. It is built on a series of assumptions. B. It establishes cause and effect between variables. C. It can make predictions that can be tested with empirical data. D. It could also be called an economic theory. E. It is a normative statement.

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Subject: Business, Economics
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