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QUESTION 72 What is the right degree of abstraction necessary to analyze an economic problem? a. Total abstraction of all variables b. Simple abstraction of

QUESTION 72

What is the "right" degree of abstraction necessary to analyze an economic problem?

a.

Total abstraction of all variables

b.

Simple abstraction of only minor details

c.

Simple abstraction of only irrelevant details

d.

Total abstraction of all irrelevant details

e.

There is no "right" degree of abstraction to analyze an economic problem.

Explain

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