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1.3 How economists use theories and models to understand economic  (Page 13/13)

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  • Card 13 / 13:
    theory

    a representation of an object or situation that is simplified while including enough of the key features to help us understand the object or situation

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Practice FlashCards 7 Key Terms 5

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Source:  OpenStax, Principles of economics. OpenStax CNX. Sep 19, 2014 Download for free at http://legacy.cnx.org/content/col11613/1.11
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