An economist developing a model of how an economy is expected to behave over the next 10 years would likely assume:
A) population is increasing.
B) resources are fixed in amount.
C) production technology is constant.
D) all of the above.

Question

Quizplus · Accepted Answer

Economists often assume population growth in long-term models, as it is a common trend, while resources and technology are typically expected to change over time.

An Economist Developing a Model of How an Economy Is