What is an economic model? What besides a model do economists need to make policy recommendations?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
An economic model is a framework that places the gener...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Economists who work for the government are often called on to make policy recommendations. Why do you think it is important for the public to be able to differentiate normative statements from...
-
What is an economic order quantity? What cost does it attempt to minimize?
-
What defines an economic model? In what way is the circular flow model a simplification of reality? Why would economists want to simplify reality?
-
In Problems 1158, perform the indicated operation, and write each expression in the standard form a + bi. 3i(-3 + 4i)
-
Consider the two- record hierarchy DEPARTMENT (DEPT#, DEPT- NAME, PROFESSOR) PROFESSOR (PROF#, PROF- NAME,) in which professors are linked to their department by the field PROFESSOR in the DEPARTMENT...
-
Every competitive equilibrium allocation x* belongs to the core of the corresponding market game. 02 - Core
-
Solve Problem 8.66 using the deflection shape \(W(x)=c_{0}\left(1-\cos \frac{2 \pi x}{l} ight)\), where \(c_{0}\) is a constant. Data From Problem 8.66:- Find the fundamental natural frequency of a...
-
Jayzee Company manufactures a variety of products in a variety of departments and evaluates departments and departmental managers by comparing actual cost and output relative to the budget....
-
Lloyd's produces and sells tennis rackets. The company requires that 2 4 % of the next months projected sales ( in units ) are on hand at the end of each month. Lloyd's budgeted sales over the next...
-
What types of policies might lead to charges of age discrimination, and how can they be changed to eliminate these problems?
-
List two microeconomic and two macroeconomic problems.
-
Does economic theory prove that the free market system is best? Why?
-
Consider the following competing hypotheses and accompanying sample data. a. At the 5% significance level, find the critical value(s). b. Calculate the value of the test statistic. c. What is the...
-
Financial institutions perform brokerage and asset transformation functions. a. In their role as brokers or dealers, they provide access to financial markets. b. In transforming assets, they provide...
-
Why, in your own words, would an otherwise ethical person make an unethical decision?
-
Suppose events elsewhere in the world lead to an increase in demand for Japanese yen, as investors seek a safe haven for their funds. How would this development affect Japanese exporters and Japans...
-
Suppose you operate a bank in a country where the central bank is expected to embark on a series of interest rate increases. Based on gap analysis, would this scenario be more likely to hurt or help...
-
Why is it sometimes necessary to change leaders to ensure cultural change?
-
Show that the line in which the planes x + 2y - 2z = 5 and 5x - 2y - z = 0 intersect is parallel to the line x = -3 + 2t, y = 3t, z = 1 + 4t.
-
How can you tell from the vertex form y = a(x - h) 2 + k whether a quadratic function has no real zeros?
-
Explain what a sudden popularity of "Economics Professor" brand casual wear would likely do to prices of that brand.
-
In a flood, usable water supplies ironically tend to decline because the pumps and water lines are damaged. What will a flood likely do to prices of bottled water?
-
Draw hypothetical supply and demand curves for tea. Show how the equilibrium price and quantity will be affected by each of the following occurrences: a. Bad weather wreaks havoc with the tea crop....
-
You placed $6,599 in a savings account today that earns an annual interest rate of 3 percent compounded annually. How much you will have in this account at the end of 2 years?
-
You're planning a trip to France. The current exchange rate is 1.21 dollars per euro. If you want to get 3,000, how many dollars do you have to pay? If you want to exchange $3,000, how many euros...
-
The exchange rate between euros and dollars is currently 0.83 euros per dollar. Inflation is expected to be 1% in Europe and 2% in the US. If relative purchasing power parity holds, what is the...
Study smarter with the SolutionInn App