Economists Use Models To

question 193

Multiple Choice

Economists use models to:

• A) abstract from the complexities of the world.
• B) understand economic behavior.
• C) explain and help predict human behavior.
• D) do all of these.

---

Definitions:

Group

A number of individuals or things considered together because of similarities or a common purpose.

Team

A group of people brought together to use their individual skills on a common project or goal.

Job Sharing

An employment option in which one full-time job is divided among two or more people according to predetermined hours

Branding

The process of creating a unique image, identity, and reputation for a product, service, or organization in the consumer's mind through marketing, logos, design, and consistent themes.