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Nostrana [21]
4 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]4 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]4 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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O the more features it has, the more it is worth
4 0
2 years ago
The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow:
Wewaii [24]

Answer:

Paradise Travel Service

Balance Sheet as of May 31, 20Y6:

Assets:

Cash                          $52,000

Accounts receivable   38,000

Supplies                        3,000

Land                         450,000

Total assets           $543,000

Liabilities and Equity:

Accounts payable      18,000

Common Stock       100,000

Retained Earnings 425,000

Total liabilities and

 equity                 $543,000

Explanation:

a) Data and Calculations:

Paradise Travel Service

Income Statement for the year ended May 31, 20Y6:

Fees earned                                                   $900,000

Office expense                         300,000

Miscellaneous expense              15,000

Wages expense                       450,000

Total expenses                                                 765,000

Net Income                                                      $135,000

Statement of Retained Earnings for the year ended May 31, 20Y6:

Retained Earnings, June 1, 20Y5  $300,000

Net Income                                        135,000

Dividends                                             10,000

Retained Earnings, May 31, 20Y6 $425,000

b) The balance sheet shows the balances of assets, liabilities and equity at the end of an accounting period.  It derives its name from the accounting equation, which states that assets = liabilities + equity.  This equation implies that the two sides always balance each other.

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What two features of a bond are the principal determinants of its interest rate? A. Investment percentages and maturity delegati
Anit [1.1K]
A. Investment percentages and maturity delegations
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Which of the following fees would likely be the highest? A. Overdraft fee B. Account transfer fee C. Monthly service fee D. ATM
belka [17]
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Unlike any other option above, overdraft fee could happen more than once a day depending on how the owner use it, so it will be most likely to be the highest
5 0
3 years ago
Read 2 more answers
True or false?
yaroslaw [1]

Answer:

A. True

B. False

C. False

D. True

Explanation:

A.<em> Brands do a great job creating the meaning associated with a symbol or tagline</em>. True.

Just like humans have names and personalities, so do brands. The symbols of brands are just like human names. The personality of the brand goes a long way in determining the meaning people attribute to that symbol

<em>B. What a brand represents is very consistent across everybody.</em> False.

Just as societies have different cultures, so do the meanings they attribute to a brand differ. For example,some cultures feel the color red is associated with ill luck. This will affect how they see such brands which have the red color.

<em>C. A brand's meaning is controlled by the brand. </em> False.

On a holistic note, a brand can control only a certain aspect of its meaning. the other aspect is left to individualism and culture.

<em> D. A brand's meaning is up to potential and actual customers.</em> True.

This is because the customers and kings and they have their personal views  about life. This view often affects how they see brands.

8 0
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