EBK ESSENTIALS OF ECONOMICS
EBK ESSENTIALS OF ECONOMICS
7th Edition
ISBN: 8220102452107
Author: Mankiw
Publisher: CENGAGE L
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Chapter 2, Problem 3QR
To determine

The reality of economic models.

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Students have asked these similar questions
Why must economic theories and models be abstract?
What good is economic theory if it can't predict the behavior of a specific individual?
What good is economic theory if it cannot predict the behavior of a specific individual?
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