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Due to advances in the study of economics and computer models we can always rely on...

Due to advances in the study of economics and computer models we can always rely on the output that we get from the leading universities, hospitals, and research organizations

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Answer #1

False.

The study of economics and the economic models that are computerized (or manual) are based on some simplistic assumptions, which do not hold in real life. Therefore output from such models are not 100% accurate and predictable, due to presence of the assumptions.

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