Question

An econmic model should capture

A) the essential relationships that help to analyze problem
B)only social value related variables
C)all possible variables that apply to the problem
D) all of the above

Answer 1

The right answer is C.

Step-by-step explanation:

In an economic model, economic processes of a set of related variables are represented, they present arguments to justify economic policy at the national level, influence business strategies and provide economic advice to households.

Helping the correct allocation of resources both public and business management.