Business, 21.02.2020 21:32 jakobrobinette

An economic model is:

A. a complete replication of a market or other economic institution that leaves nothing out.

B. a small plastic replication of a bank or stock market.

C. a simplified representation of an economic concept or institution.

D. always based on complex computer simulations.

E. only applied to large complex problems because the small problems are so simple that they don’t need models.

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An economic model is:

A. a complete replication of a market or other economic institutio...