Question

Is the economic model of decision-making intended as a literal description of how individuals, firms, and the governments actually make decisions

Answer 1

The correct response as per the given statement is "No".

Step-by-step explanation:

• No, but the given model has never been the dictionary definition of how transactions or judgments are currently taken by people, organizations, and companies.
• Economic models allow everybody to differentiate as well as organize complex sequences of underlying causes functionally that unique expression awareness among the target in less than an economy. These were founded on observations and the formation of overly simplistic circumstances.