Ask Question
3 August, 18:41

The definition of a model is a: Group of answer choices

simplified description of reality to understand and predict an economic event.

positive analysis of all variables affecting an event.

description of all variables affecting a situation.

data adjusted for rational action.

+5
Answers (1)
  1. 3 August, 19:23
    0
    A simplified description of reality to understand and predict an economic event.

    Explanation:

    An economic model is defined as a theoretical construct used to simplify and represent an economical scenario with its variables that can be measured to determine and prevent future events.

    I hope you find this information useful and interesting! Good luck!
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The definition of a model is a: Group of answer choices simplified description of reality to understand and predict an economic event. ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers