An economic model usually includes:
A)neither independent nor dependent variables
B)only a dependent variable and no independent variables
C)the proposition that no relationship exists between various factors
D)only an independent variable and no dependent variables
E)two or more factors that have measurable values

Question

Quizplus · Accepted Answer

An economic model usually includes two or more factors that have measurable values, meaning both independent and dependent variables. The model aims to establish a relationship between these variables by analyzing their quantitative relationship in a specific economic context. Therefore, option E is the best choice.

An Economic Model Usually Includes