Questions
MUF0061 Economics Unit 1 - Semester 1, 2025 What is a model? (5 - 10 minutes)
Single choice
When using models, we make assumptions, in order to
Options
A.a. make the model more reflective of real life.
B.b. simplify the model, so it is easier to understand.
C.c. make the model more interesting.
D.d. enable to model to be more complicated.
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Step-by-Step Analysis
When learners encounter the idea of using models, the guiding purpose is to strike a balance between usefulness and simplicity.
Option a: 'make the model more reflective of real life.' W......Login to view full explanationLog in for full answers
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