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____ is a simplified description of reality, designed to yield hypothesis about economicbehaviour that can be tested.

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Question:

____ is a simplified description of reality, designed to yield hypothesis about economicbehaviour that can be tested.

A.

theory

B.

postulate

C.

proposition

D.

economic model

Answer» b. postulate

Note: The above multiple-choice question is for all general and Competitive Exams in India.