Economic models are rarely constructed using
A)equations.
B)words.
C)graphs.
D)physical objects.

Question

Quizplus · Accepted Answer

Economic models are typically constructed using equations, words, and graphs to represent economic processes and theories. Physical objects are rarely used in economic modeling because abstract representations (like equations, words, and graphs) are more efficient and versatile for analyzing and conveying complex economic concepts.

Economic Models Are Rarely Constructed Using