Principles Of Economics, Ap Edition, 9781337292603, 1337292605, 2018
Principles Of Economics, Ap Edition, 9781337292603, 1337292605, 2018
8th Edition
ISBN: 9781337292603
Author: Mankiw
Publisher: Cengage Learning (2018)
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Chapter 2, Problem 3QR
To determine

The reality of economic models.

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Why must economic theories and models be abstract?
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What good is economic theory if it cannot predict the behavior of a specific individual?
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