Question

When words are insufficient to explain the quantitative relationship between two variables(i.e., stimulus andresponse, cause andeffect), economists often

1. spreadsheets
2. flow charts
3. mathematical equations

Answer 1

In economics, mathematical equations are often used when words are insufficient to explain the quantitative relationship between two variables. These equations help illustrate economic concepts and manipulate economic models.

Step-by-step explanation:

In the study of economics, when words are insufficient to explain the quantitative relationship between two variables, economists often use mathematical equations as a tool. Mathematical equations help illustrate economic concepts and can be used to manipulate economic models. By using equations, economists can show the mathematical relationship between variables such as stimulus and response or cause and effect.

Answer 2

3. mathematical equations

Step-by-step explanation:

When word do not show the relationships between variables as much as economists want, mathematical equations are used. Also graphs are used to explain relationships between variables.

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