Economic models a. are not useful because they omit many real-world details. b. are usually composed of diagrams and equations. c. are useful because they do not omit any real-world details. d. are usually plastic representations of the economy.

Question

Kipper

Social Studies

17 May, 17:18

Economic models a. are not useful because they omit many real-world details. b. are usually composed of diagrams and equations. c. are useful because they do not omit any real-world details. d. are usually plastic representations of the economy.

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Answers (1)

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Harrison Chen · Answer 1

b. are usually composed of diagrams and equations

Explanation:

The economic models are a constructive economic process that is highlighted by the set of variables and simplification and the abstraction and selection forecasting economic activity and planning and allocation and illustrate the complex process.