To allow heuristic models to provide us with a better understanding of economic problems, it is important to:

A. increase the amount of vocabulary in your model.
B. empirically test your data.
C. always stick with the deductive method.
D. never bring mathematics into the model.

Answer: B

Economics

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Which of the following is a good proxy for the measure of economic prosperity when GDP per capita data is unavailable?

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What are the effects of the double taxation of dividends?

What will be an ideal response?

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