A Good Economic Model

question 54

Multiple Choice

A good economic model

• A)does not include more than two variables.
• B)includes only those features of the world that are needed for the purpose at hand.
• C)describes all aspects of the economic world.
• D)includes only features of the world that can be described numerically.
• E)includes more than two variables but less than 10 variables.

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Definitions:

Human Resource Management

A strategic approach to managing a company's employees, focusing on policies and systems to improve workforce performance and satisfaction.

Legislative Branch

A part of the government responsible for creating and passing laws.

Legal Environment

Consists of all the laws and regulations that impact how a business operates and how it must treat employees, customers, and the community.