Answer:
The plague, also the black death caused a drastic fall in the total population of the inhabitants of Europe.
Explanation:
The competition and congestion that was being experienced eased. Labour became a scarse resource out of the sudden reduction, there were plenty of jobs, with good pay, compared to the previous competition out of the large population of peasants.
There was a lot of land and therefore no congestion, land became cheaper and consequently led to high mobility.
The purpose of an economic model is to explain the behavior of the issue being examined.
c) explain the behavior of the issue being examined.
<u>Explanation:</u>
The thesis of the economic behavior that can be tested is obtained through an economic model. The economic model describes reality in simplified manner.
Economists generally rely on economic theories or models to study the issues in real-world. The economic models propose the economic ideas that will be helpful for the individuals, company or the government to make decisions. The economic model explains the behavior of the issue that is examined, and helps economist to make predictions about the real world.
Economists use economic models to answer questions.
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Explanation:
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