Which of the following are we likely going to want to explain with an economic model?
i. Why people in the United States are fifty times richer than Ethiopians.
ii. What causes economic growth.
iii. What we think politicians should do with taxes.
A) i only
B) ii only
C) iii only
D) i and ii
E) All of these options are correct.

Question

Quizplus · Accepted Answer

Economic models can be used to explain the differences in income and economic growth between countries, which includes options i and ii. However, option iii is more of a normative question about what politicians should do with taxes, rather than a question that can be answered with an economic model.

Which of the Following Are We Likely Going to Want