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3 years ago

Economic models are:

Business

1 answer:

Lelechka [254]3 years ago

3 0

Answer:

B. simplified versions of reality designed to analyze "what ought to be" to help the government improve outcomes.

Explanation:

Economic models are simplified versions of reality designed to analyze "what ought to be" to help the government improve outcomes.

The argument that economic models are futuristic rather than current in its approach, could be seen from the purpose it tries to achieve (its uses)

The uses of economic models include:

1. Prediction of economic activities in which assumptions are used to arrive at conclusions

2. Prescription of new economic guidelines for the modification of future economic behaviors .

3. Provision of logical defense for justification of economic policies.

4. Planning and allocation of resources.

5. For assistance in speculation about trading and investment.

All of these reasons are futuristic in nature, hence the alignment with the proposition that 'Economic models are simplified versions of reality designed to analyze "what ought to be" to help the government improve outcomes.'

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Answer: A. a credible threat that if entry occurs the firm is willing to produce more than they would otherwise.

Explanation:

Deterring entry simply means the action that are used by firms in order to.pteevwnt other firms of competitors from entering the market or not being able to compete.

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3 years ago

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Answer:

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2 years ago

An insured was injured as an innocent bystander when someone committed a felony. the insurer is

eduard

Liable to the insured for the loss

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4 years ago

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2 years ago

Economic models​ are:

Economic models are: