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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.
Answer:
Formal Tone
Explanation:
The best description for the tone of this excerpt would be a Formal Tone. The author of this excerpt is describing the reasons as to why the nations all over the world must stop violence and pursue a more peaceful existence. The author does this by providing educational information as to why this is fighting for peace is a worthwhile endeavor. These educational and factual passages set the tone as a formal one.
Answer:
The social sciences are subjects concerned with how humans interact with the world and sociology is most closely related to this social science in the study of human behavior
Explanation:
Answer:
that will be C. less; higher
Explanation:
Certificates of deposit (CDs) refer to a saving certificate issued by a federally chartered bank that has a fixed interest rate and fixed date of withdrawal (the maturity date). There exists a restriction in accessing the funds until the maturity date of the investment. The maturity rates vary from 30 days to six months or more and the amount of the face value also varies greatly. Certificates of deposit (CDs) are less liquid and have higher interest rates.
