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Nostrana [21]
3 years ago
12

It is important for a good economic model to predict cause and effect so that it can: explain events that have occurred and help

anticipate future events. be used to predict all future events. be used to change the direction of causality. fit the real world perfectly.
Business
2 answers:
natka813 [3]3 years ago
6 0

Answer: Explain events that have occurred and help anticipate future events.

Explanation:

A good Economic model should be able to explain a phenomenon as well as proffer solutions to it and help anticipate the future.

It is normally said that for one to know where they are going, they need to know where they have been.

Without an Economic theory that explains what has happened and what must be done, humanity will stumble from one bad decision to another when dealing with Economic problems.

Imagine if there were no models to like the Economic Lifecycle to predict or at least to offer solutions to times the Economy goes through a Depression. Or imagine if the Central Bank (FED) didn't know what to do to help the Economy. Or if the US government didn't know when to impose more taxes or less.

Economic models NEED to explain events and predict the future.

liraira [26]3 years ago
5 0

Answer:

Yes it is

Explanation:

Because Prediction of cause and effect is important for the good economic model. If the economic model observe the cause and effect relationship, then it can be helpful to anticipate from the similar situation in future. For example, recession is causes recession. If the economic model observe it, then it can be helpful to control recession if t occurs in future.

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Which of the following are characteristics of effective government leaders? Select all that apply.
pentagon [3]

Answer:

the ones that apply are:

a) Willingness to accept responsibility.

b) Keep a government strong and active.

d) Act as a final point of authority.

Explanation:

5 0
3 years ago
Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,500. Budgeted cash receip
mel-nik [20]

Answer:

$15,500

Explanation:

Whenever there is a movement in cash over a given period, it is usually as a result of receipts and disbursement over the period and can be denoted as;

Opening balance + Receipts - Disbursements = Closing balance.

However, if the company intends to maintain closing balance, the amount to be borrowed would form part of the receipts.

$18,500 + receipts - $189,000 = $30,500

Receipts = $30,500 + $189,000 - $18,500

Receipts = $201,000

Given budgeted cash receipts, totalled $185,500, then amount to borrow

= $201,000 - $185,500

= $15,500

7 0
3 years ago
Who publishes a reference book of generic equivalents for brand name drugs?
Rama09 [41]
<span>Federal Drug Administration
    This organization goes by the acronym FDA.Laws related to drugs have to be approved by Congress and also FDA manages and enacts these laws and regulations including the publication of drugs deemed as illegal . The FDA creates principles to actualize the law. The FDA finds a way to build up these tenets, including distributing an assortment of archives in the Federal Register declaring the FDA's enthusiasm for defining, changing or revoking a manage, and offering for the general population.</span>
5 0
3 years ago
Walmart relies on a cost leadership strategy and tries to keep all of its expenses as low as possible. The company relies heavil
Montano1993 [528]

The actions by Walmart clearly relate to:

  • C. power and politics

<h3>What is Cost Leadership Strategy?</h3>

This refers to the business strategy of trying to gain a competitive advantage by reducing the overhead costs.

With this in mind, we are told that Walmart relies on a cost leadership strategy and they make use of low wage employees and as much automation as possible and these actions shows that Walmart is using the design of power and politics

Read more about cost leadership strategy here:
brainly.com/question/15359412

5 0
2 years ago
Which is the main purpose of a mission statement?
Snowcat [4.5K]
The correct answer is A. Expressing the goals of the company.

Hope this helps:)
5 0
3 years ago
Read 2 more answers
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