1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
drek231 [11]
3 years ago
5

Which bests describes the purpose served by economic models within an economic systemh

Business
1 answer:
snow_lady [41]3 years ago
6 0

To identify patterns.

An economic model is a graph or other visual tool that shows how different elements of an economy (supply, demand, etc) come together to help better understand the data.

You might be interested in
Besides location and length what would you say marks the major difference between the hanseatic and venetian trade routes
alexgriva [62]
The answer to this question is <span>The people who created and are traveling through the routes. The Hanseatic route was really famous to be passed by the people in Germany, while the Venetian trade route was really famous to be passed by the people in Italy (Especially Italian maritime republics  such as Genoa and Venice)</span>
3 0
3 years ago
A debit memorandum decreases which account on the
NeX [460]

It is indicating that an account balance decreased as a result of a reason other than a cash withdrawal or cashed check

8 0
3 years ago
Read 2 more answers
There are two universities, A and B, in a city. Tuition rises at University A and, as a result, the demand for attending Univers
LenaWriter [7]

Answer:

Substitutes

Explanation:

The education services at the two universities are substitutes to each other. The cross price elasticity of substitute goods is positive which indicates that as the price of one good increases then as a result the demand for other good increases and if the price of one good decreases then as a result the demand for other good decreases.

Now, if there is an increase in the tuition fees at University A, hence, this will increase the price of educational services at University A. Therefore, this will lead to an increase in the demand for educational services at University B.

4 0
3 years ago
Resources are:
MariettaO [177]

Answer:

b.Scarce for households and scarce for economies

Explanation:

  • A resource is a source of supply form which benefit is produced and has some utility and is broadly classified in there availability. The resources are those that are scare in terms of the households and the economies and depends on the availability of the factors.
4 0
3 years ago
The city fire department offers its services to any individual within its city limits, so even paul, who is driving through the
Sholpan [36]
I would say that the fire department is an example of an organization with universal coverage something like pensions and medicare pthat are provided to all citizens of a country regardless of their income and so is an equitable system. Consequently then I would say that the fire department is an example of a commonwealth organization.
4 0
3 years ago
Read 2 more answers
Other questions:
  • Goyo Industries (a sole proprietorship) sold three § 1231 assets during 2019. Data on these property dispositions are as follows
    9·1 answer
  • The short-run break-even price A) is the price at which the firm's current liabilities are paid off. B) is the price at which a
    12·1 answer
  • Hutch Inc., a software company, uses an approach in which software developers and programmers interact directly with customers.
    6·1 answer
  • Deferred income taxes are based on the:_______.
    10·1 answer
  • A news release for a diet product company reports: There's good news for the 65 million Americans currently on a diet. Its study
    15·1 answer
  • For the past year, Momsen, Ltd., had sales of $45,797, interest expense of $3,620, cost of goods sold of $16,134, selling and ad
    9·2 answers
  • When selecting a venture capitalist, which one of the following characteristics is probably the least important?
    10·1 answer
  • Higher fixed costs are associated with:_____.
    14·1 answer
  • State five methods of interview​
    13·2 answers
  • How does the FDIC monitor banks?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!