Ask Question
2 June, 17:19

From the list below, select the characteristics that describe a good economic model.

Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers.

(A) Includes every detail of a given situation.

(B) Predicts that A causes B.

(C) Makes approximately accurate assumptions.

(D) Fits the real world perfectly.

(E) Predicts things that are usually true.

+1
Answers (1)
  1. 2 June, 17:25
    0
    From the list below, select the characteristics that describe a good economic model.

    Makes approximately accurate assumptions.

    Predicts that A causes B.

    Includes every detail of a given situation

    Explanation:

    In economic model, predictions are made but it must be in such a way that most are feasible and achievable. Also, every detailed information are provided as far as money is inclusive
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “From the list below, select the characteristics that describe a good economic model. Instructions: You may select more than one answer. ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers