CLAT 2011 Question Paper with answer key for online practice

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‘Instead of being concerned with what actually happens in practice....(economics) is increasingly preoccupied with developing pseudo-mathematical formulas. These provide models of behavior which never quite fit what actually happens, in a way which resembles the physical sciences gone wrong: instead of equations describing reality, economics produces equations describing ideal conditions and theoretical clarity of a type which never occurs in practice’.
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Question : 140 of 200
 
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Which of the following best summarizes the argument of this paragraph?
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