Define the concept used in economics known as Ockham's Razor
What will be an ideal response?
Ockham's Razor is the principle that irrelevant data should be cut away.
Economics
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If the FDIC decides that a bank is too big to fail, it will use the ________ method, effectively ensuring that ________ depositors will suffer losses
A) payoff; large B) payoff; no C) purchase and assumption; large D) purchase and assumption; no
Economics
According to the Theory of the Second Best, why might market liberalization through elimination of some market distortions, such as particular trade restrictions, lead to social welfare losses?
What will be an ideal response?
Economics