Page $6$ of $10$

Question $6(1$ point$)$

$$ Saved

An economic model that contains a highly realistic set of assumptions is useful because there is then very little difference between "theory" and "reality." more abstract than a model whose assumptions are further removed from reality.

necessarily better able to predict the future.

certainly superior to a model whose assumptions are highly unrealistic.

not likely to be useful because of its particularized nature and its complexity.

Page $6$ of $10$

$6$ of $10$ questions saved