Question

Economic models a. are not useful because they omit many real-world details. b. are usually composed of diagrams and equations. c. are useful because they do not omit any real-world details. d. are usually plastic representations of the economy.

Answer 1

b. are usually composed of diagrams and equations

Step-by-step explanation:

• The economic models are a constructive economic process that is highlighted by the set of variables and simplification and the abstraction and selection forecasting economic activity and planning and allocation and illustrate the complex process.