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choli [55]
2 years ago
14

It is important for a good economic model to predict cause and effect so that it can?

Business
1 answer:
olya-2409 [2.1K]2 years ago
3 0

The ability to forecast cause and effect is crucial for a solid economic model since it enables it to both explain past events and foresee potential future ones.

A model of the economy's importance

Its main goal is to describe and examine the prices and volume sold in a market that is competitive. In relation to price and other factors, the equations of the model define the level of supply and demand (for example, income).

What conclusions do economic models draw?

A simplified representation of reality, an economic model enables us to observe, comprehend, and forecast economic phenomena. A model's goal is to simplify a complex, real-world scenario so that only the most important elements remain.

To know more about economic model

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Jamal lost his job as a shipbuilder during 2004. His shipyard never reopened, and so his very specialized skills are no longer i
Kipish [7]

Answer:Structural unemployment

Explanation:

6 0
3 years ago
For the month of november, whetzel corporation. predicts total cash collections to be $1 million. also for november, whetzel cor
aivan3 [116]
The projected cash disbursements for Whetzel Corporation for November is $1,090,000. This is calculated as follows: the beginning cash balance of $50,000 will be increased for the November cash collections of $1,000,000 and the cash borrowed of $70,000 (a cash inflow). This amount of total cash inflows would then be reduced by the total disbursements to get to the ending balance of $30,000. By subtracting the $30,000 ending balance from the above number we will get the total disbursements. See below:  
$50,000+$1,000,000+$70,000=$1,120,000
 $1,120,000-$30,000=$1,090,000 
 Check:
 $50,000+$1,000,000+$70,000-$1,090,000=$30,000 (agrees to ending balance)
4 0
4 years ago
Mika has borrowed $5,000 from her cousin Jun and not repaid it. Now, Mika is selling her house to Jun’s nephew, Cheong. As Mika
hram777 [196]

Answer:

Jun's pressure and influence has invalidated Mika's consent.

Explanation:

By threatening Mika with prosecution if she doesn't set a discount for the sale of her house on the grounds of her debt to her, she has influenced Jun's consent or rather coerced it and therefore Mika's consent is invalidated in the agreement. Consent is free under law if contract and should be given under undue influence, duress or any other vitiating factor that will render the contract null and void such as the example above

3 0
4 years ago
Which symptom must you report to your manager?
Ksju [112]

Answer:

A, B, C, D

Explanation:

You can transmit a rash, if you feel fatigue you can't work, diarrhea can lead to you going to the bathroom very often, so, it can waist time, back pain can cause you to be unable to move.

Hope that this helps you and have a great day :)

3 0
3 years ago
EA3.
soldier1979 [14.2K]

Answer:

Internal users of accounting information- Management

Employees

External users of accounting information- Investors

Creditors

Customers

Tax authorities

Explanation:

Internal users of accounting information are individuals within an organisation who make use of accounting information.

External users of accounting information are individuals outside an organisation that make use of accounting information. They are the people not employed by the organisation that make use of accounting information.

I hope my answer helps you

4 0
3 years ago
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