Question

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, if true, would most weaken the argument of the passage above?

विकल्प

• The physical sciences are themselves reducing their reliance on mathematical formulae

• The real world in fact closely approximates ideal theoretical conditions

• We do not at present have the mathematical expertise to model the full complexity of the world economy

• Academic economists need to be more sensitive to human nature

Answer 1

The real world in fact closely approximates ideal theoretical conditions

Explanation:

'The real world in fact closely approximates ideal theoretical conditions.' would contradict the argument. If the conditions in the real world are very much similar to the theoretical conditions used in the mathematical models, then the argument that these models fail to incorporate real conditions gets contradicted.