The foundation stones from which economic models are built are:

Question

Quizplus · Accepted Answer

The foundation stones of economic models are based on assumptions - beliefs or ideals that are taken for granted or regarded as self-evident. These assumptions form the starting point for developing economic theories and models, which can then be used to make predictions about economic behavior and outcomes. Economic policies, the legal system, and statistical forecasts are all important inputs to economic models, but they are not the foundational building blocks.

The Foundation Stones from Which Economic Models Are Built Are