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A useful economic model: a. utilizes only the two most important factors to analyze the problem under consideration.b. generates statements that are incapable of refutation.c. represents every detail of
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A useful economic model:

a. utilizes only the two most important factors to analyze the problem under consideration.b. generates statements that are incapable of refutation.c. represents every detail of the real world.d. yields usable predictions and implications for the real world.

User Adam Strudwick
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Answer:

d. yields usable predictions and implications for the real world.

Step-by-step explanation:

Economic models use relevant variables to create a theoretical frame-work based on logical deductions and relationships.

The aim of economic model is to forecast future trends in the real world and plan for favorable outcomes.

Modelling involves theroizing, investigating, and applying theories to solve real-world problems.

User Laughton
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