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nekit [7.7K]
3 years ago
8

Economic models are typically based on the principle that people behave rationally. However, people do not always behave rationa

lly. Which of the statements is NOT a reason why economists still consider their models valid, in spite of the irrationality of people?
Business
1 answer:
BartSMP [9]3 years ago
3 0

Answer:

<em>because the existing models have been in place for so long, they are considered untouchable, the equivalent of an economic law.</em>

Explanation:

The rational economic model is even more widely used in economics because it is easier to measure. Although people have irrational behaviors, they are more subjective, which makes the rational model still the most used by the economy, because through it is possible to measure behavior patterns, statistical data and information relevant to the economy.

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Rob a bank or hack someone account
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3 years ago
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levacccp [35]

Answer:

controlling, organizing, planning, and leading

Explanation:

From the question we are informed that Carol's manager is retiring and she will take over. And she will take over management position. Carol needs to have a general understanding of what it takes to be a manager. Therefore in this case, She will need to have knowledge about ✓controlling

✓organizing

✓planning

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7 0
2 years ago
Give the entry to record the honoring of 500 warranty contracts in january at an average cost of $20.
tester [92]
I have no idea I’m sorry
5 0
3 years ago
If there is a basic conflict between the individual's expectations and the reality of working in an organization, the employee i
ANTONII [103]

Answer:

C) encounter

Explanation:

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8 0
3 years ago
Your only child will go to college 10 years from now. Your salary is $80,000 a year, and is expected to rise with inflation, whi
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Answer:

60.60%

Explanation:

The computation of the percentage of your salary would go to pay for the first year of your child's college education is given below:

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6 0
3 years ago
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