The definition of a model is a: Group of answer choices

simplified description of reality to understand and predict an economic event.

positive analysis of all variables affecting an event.

description of all variables affecting a situation.

data adjusted for rational action.

Question

Daffodil

Social Studies

3 June, 06:14

The definition of a model is a: Group of answer choices

simplified description of reality to understand and predict an economic event.

positive analysis of all variables affecting an event.

description of all variables affecting a situation.

data adjusted for rational action.

+5

Answers (1)

Know the Answer?

Caleb Tate · Answer 1

A simplified description of reality to understand and predict an economic event.

Explanation:

An economic model is defined as a theoretical construct used to simplify and represent an economical scenario with its variables that can be measured to determine and prevent future events.

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The definition of a model is a: Group of answer choicessimplified description of reality to understand and predict an economic event.positive analysis of all variables affecting an event.description of all variables affecting a situation.data adjusted for rational action.

The definition of a model is a: Group of answer choices

simplified description of reality to understand and predict an economic event.

positive analysis of all variables affecting an event.

description of all variables affecting a situation.

data adjusted for rational action.