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Instead of Being Concerned with What Actually Happens in Practice ... Economics is Increasingly) Reoccupied with Developing Pseudo-mathematical Formulas. - Logical Reasoning

Question

MCQ

For the following question, read the given passage carefully and answer the question that follows.

Instead of being concerned with what actually happens in practice ... [economics] is increasing) reoccupied with developing pseudo-mathematical formulas. These provide models of behavior that never quite fit what actually happens, in a way which resembles the physical sciences; one wrong: instead of equations describing reality, economics produces equations describing deal conditions and theoretical clarity of a type which never occurs in practice.

Which of the following claims is not implied in the paragraph above?

Options

  • Economists should stop using mathematical models

  • Equations describing ideal conditions should not be mistaken for equations describing reality

  • Theoretical clarity should not come at the expense of accuracy

  • Models of human behaviour should be true to the complexity of human nature

Solution

Economists should stop using mathematical models

Explanation:

The argument demands the mathematical models used by economists to be more realistic than idealistic. It does not ask to stop the use of mathematical models. So, 'Economists should stop using mathematical models' is correct.

Concept: Statement and Assumption (Entrance Exam)
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