Log in
Sign up for FREE
arrow_back
Library
Models
By Mr. Yosup Joo
star
star
star
star
star
Share
share
Last updated almost 3 years ago
2 questions
Add this activity
1
1
Question 1
1.
Below is a model called the circular flow diagram. It's a model of what makes up the economy. Let's be critical. What is missing? What is overly simplified?
visibility
View drawing
Question 2
2.
How do models help and hinder our understanding of economic phenomena?