Which of the following is part of an economic model?
A)assumptions
B)norms
C)opinions
D)preferences of economic agents

Name: Which of the following is part of an economic model? A)assumptions B)norms C)opinions D)preferences of economic agents
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Question

Quizplus · Accepted Answer

Assumptions are an essential part of any economic model. They serve as the basis for the model's predictions and provide a framework for analysis. Norms, opinions, and preferences are relevant to economic outcomes, but they are not part of the model itself.

Which of the Following Is Part of an Economic Model