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An economic model is a description of some features of the economic world that includes​ _____ features assumed necessary to explain the​ _____facts.

a. only​ those; observed
b. all​ the; observed
c. all​ the; unobserved
d. only​ those; unobserved

2 Answers

2 votes

Answer: A

Step-by-step explanation:

User Carlo Kok
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A) An economic model is a description of some features of the economic world that includes only those features assumed necessary to explain the observed facts, I think.
User Jampa
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