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Which of the following statements correctly describe properties of an economic model? Check all that apply.

A) An economic model requires a complex set of assumptions.
B) An economic theory can be expressed in the form “If X, then Y, all other things held constant.”
C) An economic model requires simplified assumptions.
D) The purpose of an economic model is to depict the real world as accurately as possible.

Sagot :

jayilych4real

Answer:

A) An economic model requires a complex set of assumptions.

D) The purpose of an economic model is to depict the real world as accurately as possible.

Explanation:

The following statements that correctly describes properties of an economic model are:

A) An economic model requires a complex set of assumptions.

D) The purpose of an economic model is to depict the real world as accurately as possible.

adeoladokun31

  • An economic model requires a complex set of assumptions.
  • The purpose of an economic model is to depict the real world as accurately as possible.

Are the properties of economic model.

What is Economics?

Economics is a social science which base on how human needs are met or satisfied through the allocation of scarce resources .

What is an Economic Model?

Economic model is a theoretical processes which consist of variables and how this set of logical variables relate within them.

Therefore,

  • An economic model requires a complex set of assumptions.
  • The purpose of an economic model is to depict the real world as accurately as possible.

Are the properties of economic model.

Learn more on Economics from the link below.

https://brainly.com/question/17996538

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