Economic models

A) are used to explain how people think.
B) are used to explain how people behave.
C) are essential representations of the real world.
D) are used to explore the thought processes of individuals or groups.

Answer: B

Economics

You might also like to view...

A perfectly competitive firm's demand curve is

A) upward sloping. B) downward sloping. C) a vertical line. D) a horizontal line.

View
Economics

In what ways is government involved with the creation of barriers to entry?

What will be an ideal response?

View
Economics