Models
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Last updated over 2 years ago
2 questions
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?
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?
1
How do models help and hinder our understanding of economic phenomena?
How do models help and hinder our understanding of economic phenomena?