Economists often take their first shot at a business problem by assuming that relevant information is available:
A)along with a model to help them produce a valid conclusion.
B)using which a model has to be created.
C)but a sample test has to be performed to detect its quality.
D)but the consequences of using them in a model is uncertain.

Question

Quizplus · Accepted Answer

Economists rely on the availability of relevant information to start building a model to analyze a business problem. Once the relevant information is identified, economists can incorporate it into their model and produce a valid conclusion that can guide decision-making.

Economists Often Take Their First Shot at a Business Problem